-Using the Data in the Above Table, in the Short-Run

question 232

Multiple Choice

-Using the data in the above table, in the short-run macroeconomic equilibrium, there is

• A) an inflationary gap of $1 trillion.
• B) an inflationary gap of $2 trillion.
• C) a recessionary gap of $1 trillion.
• D) a recessionary gap of $2 trillion.

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