Multiple Choice
Figure 9-4
-In Figure 9-4, if the economy is in a recessionary gap, what must happen to reach potential GDP?
A) The expenditure level must fall and/or the price level must rise.
B) The expenditure level must rise and/or the price level must fall.
C) The expenditure level must rise and/or the price level must rise.
D) The expenditure level must fall and/or the price level must fall.
Correct Answer:
Verified
Correct Answer:
Verified
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