Exhibit 9-4 -Refer to Exhibit 9-4.When AD and SRAS Cross at Point

question 133

Multiple Choice

Exhibit 9-4

-Refer to Exhibit 9-4.When AD and SRAS cross at point (P₁,Q₃) ,the economy is in

• A) a recessionary gap.
• B) an inflationary gap.
• C) long-run equilibrium.
• D) a and c
• E) b and c

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