[Answer] If Congress wants to close an inflationary gap which policy is matched to the resultant change in output and price level?

Answer: Decrease Spending / Decrease / Decrease
If Congress wants to close an inflationary gap which policy is matched to the resultant change in output and price level?

Wed Feb 04 2004 13:30:00 GMT-0500 (Eastern Standard Time) · The causes of the Great Depression in the early 20th century in the USA have been extensively discussed by economists and remain a matter of active debate. They are part of the larger debate about economic crises and recessions.The specific economic events that took place during the Great Depression are well established. There was an initial stock market crash that triggered a “panic …

Inflationary gap – Wikipedia

Causes of the Great Depression – Wikipedia

Inflation – Wikipedia

Inflation – Wikipedia

Between 1860 and 1930 exploitation of the rich land of the pampas strongly pushed economic growth. During the first three decades of the 20th century Argentina outgrew Canada and Australia in population total income and per capita income. By 1913 Argentina was the world’s 10th wealthiest state per capita.

Mon Oct 26 2009 14:30:00 GMT-0400 (Eastern Daylight Time) · The post–World War II economic expansion also known as the postwar economic boom or the Golden Age of Capitalism was a broad period of worldwide economic expansion beginning after World War II and ending with the 1973–1975 recession. The United States Soviet Union and Western European and East Asian countries in particular experienced unusually high and sustained growth …

The short-run aggregate supply decrease makes an upward pressure on the price level consequently causing inflation. The once created gap between real GDP and potential GDP was the sign of forthcoming inflation this is another reason this type gap is called an inflationary gap …

Tue May 16 2006 14:30:00 GMT-0400 (…

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