![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/8f6d2862c7721f3972fbc0ad1378d2c2.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![What is the recessionary gap and inflationary gap? Explain the following concepts in detail. Use formulas or diagrams that could complete your description. | Homework.Study.com What is the recessionary gap and inflationary gap? Explain the following concepts in detail. Use formulas or diagrams that could complete your description. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/rigaps2220435061622489400.jpg)
What is the recessionary gap and inflationary gap? Explain the following concepts in detail. Use formulas or diagrams that could complete your description. | Homework.Study.com
![Illustrate the following graphically. a. Fiscal policy eliminates an inflationary gap. b. Fiscal policy destabilizes the economy. c. Fiscal policy only partly eliminates a recessionary gap. | Homework.Study.com Illustrate the following graphically. a. Fiscal policy eliminates an inflationary gap. b. Fiscal policy destabilizes the economy. c. Fiscal policy only partly eliminates a recessionary gap. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/untitled_1_07-08-20211016502248153279461.png)
Illustrate the following graphically. a. Fiscal policy eliminates an inflationary gap. b. Fiscal policy destabilizes the economy. c. Fiscal policy only partly eliminates a recessionary gap. | Homework.Study.com
![Use a diagram to illustrate and explain an economy in which AD decreases as the economy is self-regulating out of an inflationary gap. | Homework.Study.com Use a diagram to illustrate and explain an economy in which AD decreases as the economy is self-regulating out of an inflationary gap. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/untitled_11_06-08-20211955114592076203420.png)
Use a diagram to illustrate and explain an economy in which AD decreases as the economy is self-regulating out of an inflationary gap. | Homework.Study.com
![3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube 3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube](https://i.ytimg.com/vi/wbv9bHUGBVU/mqdefault.jpg)
3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube
![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/a8e12eaa6b52033994ca3987d6d27d74.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![Draw and aggregate supply and aggregate demand graph showing a inflationary gap. Explain how the non-interventionists would restore long-run equilibrium. | Homework.Study.com Draw and aggregate supply and aggregate demand graph showing a inflationary gap. Explain how the non-interventionists would restore long-run equilibrium. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/nishant1841787163961458729394.jpg)
Draw and aggregate supply and aggregate demand graph showing a inflationary gap. Explain how the non-interventionists would restore long-run equilibrium. | Homework.Study.com
![In a self-regulating economy, inflationary gaps are automatically eliminated in the long run by: a. decreases in wage rates that cause short-run aggregate supply to shift rightward. b. decreases in wage rates In a self-regulating economy, inflationary gaps are automatically eliminated in the long run by: a. decreases in wage rates that cause short-run aggregate supply to shift rightward. b. decreases in wage rates](https://homework.study.com/cimages/multimages/16/inflationary_gap_sras_shift3956083374878920433.png)