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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.7
What does the gap between Q2 and Yf represent in the context of a recessionary gap?
The excess of real GDP above full employment level
The surplus of real GDP above the production possibilities frontier
The deficit of real GDP from the production possibilities frontier
The shortfall of real GDP from full employment level
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AP Macroeconomics - 3.7 Long-Run Self-Adjustment
Key terms
Recessionary Gap
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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