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-The Data in the Above Table Show That When the Price

Question 216

Multiple Choice

-The data in the above table show that when the price level is 120, the economy A) is in a long-run macroeconomic equilibrium. B) has an inflationary gap. C) has a recessionary gap. D) will have falling money wage rates sometime in the future.
-The data in the above table show that when the price level is 120, the economy


A) is in a long-run macroeconomic equilibrium.
B) has an inflationary gap.
C) has a recessionary gap.
D) will have falling money wage rates sometime in the future.

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