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Use the Table Below to Answer the Following Questions

Question 44

Multiple Choice

Use the table below to answer the following questions.
Table 26.3.3
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.
-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.

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