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FIGURE 24-1 -Refer to Figure 24-1.If the Economy Is Currently in a in a Short-Run

Question 21

Multiple Choice

FIGURE 24-1 -Refer to Figure 24-1.If the economy is currently in a short-run equilibrium at Y<sub>0</sub>,the economy is experiencing A) a recessionary output gap. B) an inflationary output gap. C) a labour shortage. D) a long-run equilibrium. E) potential output growth. FIGURE 24-1
-Refer to Figure 24-1.If the economy is currently in a short-run equilibrium at Y0,the economy is experiencing


A) a recessionary output gap.
B) an inflationary output gap.
C) a labour shortage.
D) a long-run equilibrium.
E) potential output growth.

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