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The Figure Below Shows the Determination of the Equilibrium Price

Question 45

Multiple Choice

The figure below shows the determination of the equilibrium price level and real GDP in an aggregate demand-aggregate supply model.If the economy is at point H,there is a(n) :​ ​
Figure 10.7
The figure below shows the determination of the equilibrium price level and real GDP in an aggregate demand-aggregate supply model.If the economy is at point H,there is a(n) :​ ​ Figure 10.7 A) expansionary gap of $300 billion. B) recessionary gap of $300 billion. C) recessionary gap of $10 billion. D) expansionary gap of $20 billion. E) expansionary gap of $10 billion.


A) expansionary gap of $300 billion.
B) recessionary gap of $300 billion.
C) recessionary gap of $10 billion.
D) expansionary gap of $20 billion.
E) expansionary gap of $10 billion.

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