In a Diagram of Aggregate Demand and Supply Curves,the GDP

question 81

Multiple Choice

In a diagram of aggregate demand and supply curves,the GDP gap is measured as the

• A)Horizontal distance between the equilibrium output and the full-employment output.
• B)Vertical distance between the equilibrium price and the price at which the aggregate demand would intersect aggregate supply at full employment.
• C)Horizontal distance between the aggregate demand necessary to achieve full employment and the aggregate demand curve at equilibrium output.
• D)Vertical distance between the equilibrium output and the full-employment output.

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