(Figure: Policy Alternatives) Use Figure: Policy Alternatives. If the economy is in equilibrium at Y1 in panel (a), it i

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answerhappygod
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(Figure: Policy Alternatives) Use Figure: Policy Alternatives. If the economy is in equilibrium at Y1 in panel (a), it i

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(Figure: Policy Alternatives) Use Figure: Policy Alternatives.If the economy is in equilibriumat Y1 in panel (a), it is:
in simultaneous short-run and long-run equilibrium.
in a recessionary gap.
in an inflationary gap.
at full employment.
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