Use the following to answer questions:
Figure: Policy Alternatives 
-(Figure: Policy Alternatives) Refer to Figure: Policy Alternatives. If the economy is in equilibrium at Y1 in panel (a) , it is in:
Definitions:
Stockholders' Equity
Stockholders' Equity is the residual interest in the assets of a corporation after deducting its liabilities, representing the ownership interest of the shareholders.
Current Liabilities
Obligations or debts that a company needs to pay within one year.
Bond Carrying Value
The net amount at which a bond is reported on the balance sheet, calculated as the face value of the bond minus any unamortized discounts or plus any unamortized premiums.
Sold At A Discount
Refers to selling a product or service below its usual price or the issuing of bonds below their face value.
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