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-In the Figure Above,the Economy Is at an Equilibrium with Real

Question 261

Multiple Choice

-In the figure above,the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110.At this point there is A) an inflationary gap. B) a recessionary gap. C) price stability. D) a full-employment equilibrium. E) an above full-employment equilibrium.
-In the figure above,the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110.At this point there is


A) an inflationary gap.
B) a recessionary gap.
C) price stability.
D) a full-employment equilibrium.
E) an above full-employment equilibrium.

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