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    Principles of Macroeconomics Study Set 5
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    Exam 11: The Economy in the Long Run: an Introduction to Economic Growth
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    The Economy Depicted in the Diagram Below Has ___________ Output
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The Economy Depicted in the Diagram Below Has ___________ Output

Question 37

Question 37

Multiple Choice

The economy depicted in the diagram below has ___________ output gap,which can be eliminated with ___________ fiscal or monetary policy The economy depicted in the diagram below has ___________ output gap,which can be eliminated with ___________ fiscal or monetary policy   A)  a recessionary;expansionary B)  a recessionary;contractionary C)  an expansionary;expansionary D)  an expansionary;contractionary E)  an expansionary;no change in


A) a recessionary;expansionary
B) a recessionary;contractionary
C) an expansionary;expansionary
D) an expansionary;contractionary
E) an expansionary;no change in

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