Solved

Use the Following Figure to Answer the Questions

Question 63

Multiple Choice

Use the following figure to answer the questions : Figure9.9
Use the following figure to answer the questions : Figure9.9 - Using Figure 9.9,and assuming the full-employment output level is $50 billion, A) There is an inflationary gap of $50 billion income. B) There is a recessionary gap of $50 billion income. C) There is an inflationary gap of $25 billion income. D) The economy is at macro equilibrium.
- Using Figure 9.9,and assuming the full-employment output level is $50 billion,


A) There is an inflationary gap of $50 billion income.
B) There is a recessionary gap of $50 billion income.
C) There is an inflationary gap of $25 billion income.
D) The economy is at macro equilibrium.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q23: If there is an inflationary gap,then a

Q58: The combination of price level and real

Q59: Use the following figure to answer the

Q60: Which of the following causes a movement

Q61: A rise in interest rates will cause<br>A)A

Q62: A recessionary gap<br>A)Would cause a depletion of

Q64: If tax policies become less favorable,then<br>A)The AD

Q65: Use the following figure to answer

Q67: Which of the following lists all the

Q68: The components of aggregate demand are<br>A)Consumption,government spending,net