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If the equilibrium level of national income is less than the desired level of national income, then
If the equilibrium level of national income is less than the desired level of national income, then a recessionary gap exists.
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Asked 8/12/2013 2:40:48 PM
Updated 239 days ago|3/26/2018 11:03:43 PM
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Edited by Masamune [3/26/2018 11:03:43 PM]
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If the equilibrium level of national income is less than the desired level of national income, then a recessionary gap exists.
Added 239 days ago|3/26/2018 12:28:47 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [3/26/2018 11:03:51 PM]
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