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-In the Figure Above, the Economy Is at an Equilibrium

Question 46

Multiple Choice

-In the figure above, the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110. At this point there is

A) price stability.
B) a recessionary gap.
C) a full-employment equilibrium.
D) an above full-employment equilibrium.
E) an inflationary gap.

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