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Exhibit 14A-3  Macro AD-AS Model in Exhibit 14A-3, the Level

Question 73

Multiple Choice

Exhibit 14A-3  Macro AD-AS Model Exhibit 14A-3  Macro AD-AS Model In Exhibit 14A-3, the level of real GDP represented by Y<sub>p</sub>: A) is potential real GDP for this economy. B) indicates that the economy is experiencing zero inflation. C) indicates that the economy is experiencing a recessionary gap. D) would be associated with considerable unemployment. In Exhibit 14A-3, the level of real GDP represented by Yp:


A) is potential real GDP for this economy.
B) indicates that the economy is experiencing zero inflation.
C) indicates that the economy is experiencing a recessionary gap.
D) would be associated with considerable unemployment.

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