Size of the economys recessionary- inflationary gap

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Reference no: EM139128

Q. The St. Louis Federal Reserve Bank provides data on both real GDP (chained 1996 dollars) and real GDP for the United States. Click on the "Economic Data-FRED" link at the top of the page, and then select "Gross Domestic Product and Components." Now select GDP/GNP. Find the potential GDP and the actual GDP for the most recent quarter for which both are available. Illustrate what was the size difference between the two - the negative/positive GDP gap? If the multiplier was 2 in which period, illustrate what was the size of the economy's recessionary/inflationary gap?

Reference no: EM139128

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