Multiple Choice
The following table shows real GDP and potential real GDP for the years 2005-2015. Refer to this table when answering the following questions.
Table 10.1 ($ billions) (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-During which year was the economy in an expansionary gap?
A) 2001
B) 2004
C) 2002
D) 2003
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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