Final answer:
Without specific data from Table 24-1, it's not possible to determine which economies are experiencing an inflationary gap. An inflationary gap is when actual GDP exceeds potential GDP, leading to increased demand and upward pressure on prices. Corrections involve policy measures to decrease demand, aligning actual GDP with potential GDP.
Step-by-step explanation:
An inflationary gap occurs when the equilibrium level of real GDP is above the potential GDP, leading to upward pressure on prices due to increased demand in the economy. If the scenario presented in Table 24-1 demonstrated this situation in any of the economies, those would be the ones experiencing the inflationary gap. However, as specific data from Table 24-1 is not provided, it is not possible to accurately determine which economies are experiencing an inflationary gap without additional information. To identify the presence of an inflationary gap in the actual scenarios, we would look for instances where the aggregate expenditure schedule intersects the 45-degree line above the potential GDP level. Based on the information given on how to address an inflationary gap, policies to correct such a gap would involve shifting the aggregate expenditure schedule down from AE to AE₁ through measures such as tax increases or government spending cuts, aiming to bring the new equilibrium E₁ to the level of potential GDP.