The Economy Pictured in the Given Figure Has A(n)________ Gap

question 23

Multiple Choice

The economy pictured in the given figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________.

• A)recessionary; A
• B)recessionary; B
• C)recessionary; C
• D)expansionary; A

---

Definitions:

Ionic Bond

An ionic bond is a type of chemical bond formed through the electrical force between oppositely charged ions.

Double Covalent

A type of chemical bond where two pairs of electrons are shared between two atoms.

Neutrons

Subatomic particles with no electric charge, found in the nucleus of an atom, contributing to the atomic mass and stability of the atom.

Protons

Positively charged subatomic particles found in the nucleus of an atom, contributing to the atom's mass and defining the element.