![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-9-40-17-pm.png)
The booms and the busts of the business cycle – Introduction to AD – AS models – Digging a Little Deeper
![1. A recessionary gap occurs when a. The short run aggregate supply curve shifts rightward. b. Real GDP is less than potential GDP. c. The economy is at its long run equilibrium. 1. A recessionary gap occurs when a. The short run aggregate supply curve shifts rightward. b. Real GDP is less than potential GDP. c. The economy is at its long run equilibrium.](https://homework.study.com/cimages/multimages/16/recessionary_ga7808462053120917794.png)
1. A recessionary gap occurs when a. The short run aggregate supply curve shifts rightward. b. Real GDP is less than potential GDP. c. The economy is at its long run equilibrium.
![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/180/2016/05/31e6488993c5b56a066593d5cd5d2724.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![GDP GAP /inflationary GAP// .Deflationary gap //full explained through Ad -As model with diagram. - YouTube GDP GAP /inflationary GAP// .Deflationary gap //full explained through Ad -As model with diagram. - YouTube](https://i.ytimg.com/vi/BeFb_nVgfuU/hqdefault.jpg)
GDP GAP /inflationary GAP// .Deflationary gap //full explained through Ad -As model with diagram. - YouTube
![The Multiplier Effect and the Recessionary and Inflationary Gaps – Principles of Economics: Scarcity and Social Provisioning (2nd Ed.) The Multiplier Effect and the Recessionary and Inflationary Gaps – Principles of Economics: Scarcity and Social Provisioning (2nd Ed.)](https://openoregon.pressbooks.pub/app/uploads/sites/29/2020/06/9.jpg)