Exhibit 14A-3  Macro AD-AS Model in Exhibit 14A-3, the Level

question 73

Multiple Choice

Exhibit 14A-3  Macro AD-AS Model In Exhibit 14A-3, the level of real GDP represented by Y_p:

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