In the long run-recessionary gap means

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In the long run, a recessionary gap means that:

unemployment is below its natural rate, causing a decrease in wages and moving real output towards its potential level

unemployment is below its natural rate, causing an increase in wages and moving real output towards its potential level

unemployment is below its natural rate, causing a decrease in wages and moving real output away from its potential level

unemployment is above its natural rate, causing an increase in wages and moving real output towards its potential level

unemployment is above its natural rate, causing a decrease in wages and moving real output towards its potential level

Reference no: EM131096655

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