Use the Following Table to Answer the Questions : Table9

Multiple Choice

Use the following table to answer the questions : Table9.2:

-Complete Table 9.2.(Data are expressed in billions of dollars. ) If the full-employment level of income (Y_F) in Table 9.2 is $700 billion,

A) The economy is in equilibrium.
B) There is a recessionary gap of $250 billion.
C) There is an inflationary gap of $450 billion.
D) There is an inflationary gap of $700 billion.