Use the Table Below to Answer the Following Questions

question 44

Multiple Choice

Use the table below to answer the following questions.
Table 26.3.3

-Refer to Table 26.3.3. When the economy is at its short-run macroeconomic equilibrium, the economy

• A)is also in a long-run macroeconomic equilibrium.
• B)has an inflationary gap.
• C)has a recessionary gap.
• D)has neither an inflationary nor a recessionary gap.
• E)Both A and D are correct.

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