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Question 156

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Use the following to answer questions .
Exhibit: Fiscal Policy 2 Use the following to answer questions . Exhibit: Fiscal Policy 2 -(Exhibit: Fiscal Policy 2) If real GDP is equal to Y<sub>r</sub>, there is A) an inflationary gap. B) a recessionary gap. C) equilibrium at full employment. D) a short-run and a long-run equilibrium.
-(Exhibit: Fiscal Policy 2) If real GDP is equal to Yr, there is


A) an inflationary gap.
B) a recessionary gap.
C) equilibrium at full employment.
D) a short-run and a long-run equilibrium.

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