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-Refer to Exhibit 9-1

Question 113

Multiple Choice

-Refer to Exhibit 9-1.The economy is currently producing Q<sub>1</sub>.At this level of Real GDP,the economy is in A) an inflationary gap. B) a recessionary gap. C) long-run equilibrium. D) none of the above
-Refer to Exhibit 9-1.The economy is currently producing Q1.At this level of Real GDP,the economy is in


A) an inflationary gap.
B) a recessionary gap.
C) long-run equilibrium.
D) none of the above

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