Whether the economy is in a recession is illustrated in the AD/AS model by how close the _____________________ is to the potential GDP line.
A. AS curve
B. AD curve
C. equilibrium
D. AS and AD curve
Answer:C
Whether the economy is in a recession is illustrated in the AD/AS model by how close the _____________________ is to the potential GDP line.
A. AS curve B. AD curve C. equilibrium D. AS and AD curve
Explanation: Type: Multiple Choice