Figure 12-2 -Refer to Figure 12-2. If Real GDP Is Equal to Is

question 163

Multiple Choice

Figure 12-2
-Refer to Figure 12-2. If real GDP is equal to Y_r, there is

• A) an inflationary gap.
• B) a recessionary gap.
• C) equilibrium at full employment.
• D) a short-run and a long-run equilibrium.

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