When real GDP rises above its potential, there is a tendency for inflation to rise. When real GDP is below its potential (as in a recession), there is a tendency for inflation to fall.
Standard detail
5.
Benchmark
Depth 1Parent ID: 8393455C89FD44788D6212B066B72348Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 5.
- List ID
- 5.
- Standard ID
- 9FF037CCDCB24645A42A97EC6DD799D8
- ASN identifier
- S2604865
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 8393455C89FD44788D6212B066B72348
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US