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Question 161

Multiple Choice

Use the following to answer questions:
Figure: AD-AS Model I Use the following to answer questions: Figure: AD-AS Model I -(Figure: AD-AS Model I) Refer to Figure: AD-AS Model I. If the economy is at point X, there is a(n) _____ gap with _____ unemployment. A) inflationary; low B) inflationary; high C) recessionary; low D) recessionary; high
-(Figure: AD-AS Model I) Refer to Figure: AD-AS Model I. If the economy is at point X, there is a(n) _____ gap with _____ unemployment.


A) inflationary; low
B) inflationary; high
C) recessionary; low
D) recessionary; high

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