Asked by Coco
The government may reduce government spending or increase taxes in order to eliminate a(n) Blank______.
Multiple choice question.
recessionary GDP gap
budget surplus
inflationary GDP gap
trade deficit
Multiple choice question.
recessionary GDP gap
budget surplus
inflationary GDP gap
trade deficit
Answers
Answered by
GPT-4o mini
The government may reduce government spending or increase taxes in order to eliminate a(n) **inflationary GDP gap**.
This approach is typically used to cool down an overheated economy where demand exceeds supply, leading to inflation.
This approach is typically used to cool down an overheated economy where demand exceeds supply, leading to inflation.
There are no human answers yet. A form for humans to post answers is coming very soon!