Use the following to answer questions:
Figure: Inflationary and Recessionary Gaps 
-(Figure: Inflationary and Recessionary Gaps) Refer to Figure: Inflationary and Recessionary Gaps. The intersection of AD with SRAS in panel (b) indicates:
A) a short-run equilibrium.
B) a long-run equilibrium.
C) that unemployment is too high.
D) stagflation.
Correct Answer:
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Q177: Use the following to answer question 167:
Figure:
Q178: Unexpectedly rising commodity prices lead to a
Q179: The intersection of an economy's aggregate demand
Q180: Stagflation is usually caused by a _
Q181: Use the following to answer questions:
Figure: An
Q183: When the economy is producing output above
Q184: When the economy is producing output below
Q185: Use the following to answer questions:
Figure: Inflationary
Q186: An inflationary gap is automatically closed by
Q187: Use the following to answer questions:
Figure: Inflationary
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