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    Macroeconomics Study Set 30
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    Exam 9: An Introduction to the Short Run
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    If\(\tilde { Y } _ { t } = 0\)
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If Y~t=0\tilde { Y } _ { t } = 0Y~t​=0

Question 1

Question 1

Multiple Choice

If Y~t=0\tilde { Y } _ { t } = 0Y~t​=0 , the macroeconomy is:


A) at its potential level of output
B) in a recessionary gap
C) in an expansionary gap
D) Not enough information is given.
E) None of these answers are correct.

Correct Answer:

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