If Current Output Is $Y _ { t } = \$ 10$

Multiple Choice

If current output is $Y _ { t } = \$ 10$ billion and potential output $\bar { Y } _ { z } = \$ 10.5$
Billion, then the economy is in a ________ and $\tilde { Y } _ { t }$ Is about ________.

A) recession; -4.7 percent
B) boom; 4.7 percent
C) boom; -4.7 percent
D) recession; -5 percent
E) boom; 5 percent