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If the Full-Employment Level of Income in Figure 9

Question 85

Multiple Choice

If the full-employment level of income in Figure 9.7 is $300 billion,there is A) A recessionary gap of $50 billion per year. B) A recessionary gap of $100 billion per year. C) An inflationary gap of $500 billion per year. D) Achievement of macro equilibrium. If the full-employment level of income in Figure 9.7 is $300 billion,there is


A) A recessionary gap of $50 billion per year.
B) A recessionary gap of $100 billion per year.
C) An inflationary gap of $500 billion per year.
D) Achievement of macro equilibrium.

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