- 23 In The Figure Below If The Economy Is At Point A Which Of The Following Is True A There Is A Recessionary Gap B 1 (17.59 KiB) Viewed 22 times
23. In the figure below, if the economy is at point A, which of the following is true? a) There is a recessionary gap. b
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23. In the figure below, if the economy is at point A, which of the following is true? a) There is a recessionary gap. b
23. In the figure below, if the economy is at point A, which of the following is true? a) There is a recessionary gap. b) There is an inflationary gap. c) Point A is the long-run equilibrium point. d) None of the above answers are correct. LAS 130 SAS 120 EX 110 100 90 AD 12.0 12.5 13.0 13.5 140 145 Real GDP (villions of 2005 dollar) lool-soota