Multiple Choice
Use the table below to answer the following questions.
Table 26.3.3
-Refer to Table 26.3.3. When the economy is at its short-run macroeconomic equilibrium, the economy
A) is also in a long-run macroeconomic equilibrium.
B) has an inflationary gap.
C) has a recessionary gap.
D) has neither an inflationary nor a recessionary gap.
E) Both A and D are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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