![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/180/2016/05/3691f7d4a437be5b23d0753a0408ed78.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![Show a graph using AD-AS with recession equilibrium (recessionary gap). What kind of fiscal and monetary policies will be used to fix this gap? Show the graphical effect of these policies. What Show a graph using AD-AS with recession equilibrium (recessionary gap). What kind of fiscal and monetary policies will be used to fix this gap? Show the graphical effect of these policies. What](https://homework.study.com/cimages/multimages/16/img_22014728996990742108.png)
Show a graph using AD-AS with recession equilibrium (recessionary gap). What kind of fiscal and monetary policies will be used to fix this gap? Show the graphical effect of these policies. What
![Revision_3 - A. Explain how a deflationary gap might occur. Deflationary gap is basically the difference between the output level of full employment and | Course Hero Revision_3 - A. Explain how a deflationary gap might occur. Deflationary gap is basically the difference between the output level of full employment and | Course Hero](https://www.coursehero.com/thumb/88/b0/88b04d7185d29cf7ec33930c3f8dc4a02a28e962_180.jpg)
Revision_3 - A. Explain how a deflationary gap might occur. Deflationary gap is basically the difference between the output level of full employment and | Course Hero
![3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube 3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube](https://i.ytimg.com/vi/0HZtsGgHYYw/maxresdefault.jpg)
3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube
![3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube 3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube](https://i.ytimg.com/vi/wbv9bHUGBVU/maxresdefault.jpg)
3.2 (Macro) Creating & eliminating deflationary gap (monetarist/new classical model); 3.3 Deflation - YouTube
![Diagrammatically represent an economy in (a) an inflationary gap, (b) a recessionary gap, and (c) long-run equilibrium. | Homework.Study.com Diagrammatically represent an economy in (a) an inflationary gap, (b) a recessionary gap, and (c) long-run equilibrium. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/diffgap7363462274799581913.png)
Diagrammatically represent an economy in (a) an inflationary gap, (b) a recessionary gap, and (c) long-run equilibrium. | Homework.Study.com
![Fiscal policy under deflationary gap and long-run stagnation: Reinterpretation of Keynesian multipliers - ScienceDirect Fiscal policy under deflationary gap and long-run stagnation: Reinterpretation of Keynesian multipliers - ScienceDirect](https://ars.els-cdn.com/content/image/1-s2.0-S0264999315002448-gr1.jpg)