The Table Below Provides Macroeconomic Data for a Hypothetical Economy

question 26

Multiple Choice

The table below provides macroeconomic data for a hypothetical economy.Dollar amounts are all in constant-dollar terms.
TABLE 19-1
-Refer to Table 19-1.In which years was this economy experiencing an inflationary gap?

• A)2012,2013
• B)2009,2010
• C)2013,2014
• D)2011,2015
• E)2009,2010,2014

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Definitions:

Working to Rule

A form of industrial action where employees strictly follow the rules and guidelines to the letter as a means of protest, often reducing productivity.

Structural Characteristic

Fundamental qualities or traits that define the nature, behavior, or layout of a system, organization, or structure.

Formalization

The extent to which work roles are highly defined by an organization.

Smaller Organizations

are entities characterized by fewer employees and resources, often more flexible and adaptable than larger counterparts.