a. what economic problem results from the following? 1. inflationary gap: 2. recessionary gap:

Brief Explanations:

1. An inflationary gap occurs when aggregate demand exceeds aggregate supply at the full - employment level of output, leading to inflationary pressures as the economy tries to meet the excessive demand.
2. A recessionary gap exists when aggregate demand is less than aggregate supply at the full - employment level of output, resulting in unemployment and under - utilization of resources as the economy is operating below its potential.

Answer:

1. Inflationary pressures.
2. Unemployment and under - utilization of resources.