Eventually input prices will fall and output will rise

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Reference no: EM13796824

If ___________________ exceeds ___________________, then the economy is in an inflationary gap.

A. potential output; aggregate demand

B. aggregate demand; potential output

C. aggregate supply; aggregate demand

D. aggregate demand; aggregate supply

Eventually input prices will fall and output will rise in the economy if:

A. potential output exceeds aggregate demand.

B. aggregate demand exceeds potential output.

C. aggregate supply exceeds potential output.

D. aggregate demand exceeds aggregate supply.

Reference no: EM13796824

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