Use the Following to Answer Questions

question 251

Multiple Choice

Use the following to answer questions:
Figure: Inflationary and Recessionary Gaps
-(Figure: Inflationary and Recessionary Gaps) Look at the figure Inflationary and Recessionary Gaps. At E₃, the economy:

• A)is in equilibrium.
• B)has an inflationary gap.
• C)has a recessionary gap.
• D)is stagnating.

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Definitions:

GUI

Graphical User Interface, a visual interface allowing users to interact with electronic devices through graphical icons and visual indicators.

JMenu

A component in the Java Swing library used to implement a menu in a window's menu bar.

Menu Item

A single entry in a menu, usually associated with performing a specific action or command.

BorderLayout

A layout manager for Java GUIs that arranges components to fit in five regions: north, south, east, west, and center.