Exhibit 4  Macro AD-AS Model in Exhibit 4, the Level

question 18

Multiple Choice

Exhibit 4  Macro AD-AS Model In Exhibit 4, the level of real GDP represented by Y_p:

• A)would be associated with considerable unemployment.
• B)indicates that the economy is experiencing zero inflation.
• C)indicates that the economy is experiencing a recessionary gap.
• D)is potential real GDP for this economy.

---

Definitions:

Property Sheet

A tool in development environments that lists the properties of a selected object and allows the user to edit those properties.

Decimal Places

The number of digits allowed to the right of the decimal point in a numeric field, affecting the precision of the values stored.

Datasheet

A tabular representation of data, typically found in spreadsheet or database software, that organizes elements of data in rows and columns.

One-To-Many Relationship

A database relationship where a single record in one table is related to multiple records in another table.