![The booms and the busts of the business cycle – Introduction to AD – AS models – Digging a Little Deeper The booms and the busts of the business cycle – Introduction to AD – AS models – Digging a Little Deeper](https://ajmccarthynz.files.wordpress.com/2011/02/screen-shot-2011-02-07-at-9-40-06-pm.png?w=620)
The booms and the busts of the business cycle – Introduction to AD – AS models – Digging a Little Deeper
![What is the recessionary gap and inflationary gap? Explain the following concepts in detail. Use formulas or diagrams that could complete your description. | Homework.Study.com What is the recessionary gap and inflationary gap? Explain the following concepts in detail. Use formulas or diagrams that could complete your description. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/rigaps2220435061622489400.jpg)
What is the recessionary gap and inflationary gap? Explain the following concepts in detail. Use formulas or diagrams that could complete your description. | Homework.Study.com
![macroeconomics - Questions about the recessionary gap and inflationary gap graph - Economics Stack Exchange macroeconomics - Questions about the recessionary gap and inflationary gap graph - Economics Stack Exchange](https://i.stack.imgur.com/D5lVn.png)
macroeconomics - Questions about the recessionary gap and inflationary gap graph - Economics Stack Exchange
![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/d40e454e38f488401fe10479d750c36c.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![Suppose an economy has an inflationary gap. a. Illustrate this using a graph with LRAS, SRAS, and AD curves. Identify the equilibrium price level, real GDP, and the output gap in your Suppose an economy has an inflationary gap. a. Illustrate this using a graph with LRAS, SRAS, and AD curves. Identify the equilibrium price level, real GDP, and the output gap in your](https://homework.study.com/cimages/multimages/16/screen_shot_2019-06-20_at_8.43.07_pm1393403819000336944.png)