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Use the Following Table to Answer the Questions : Table9

Question 75

Multiple Choice

Use the following table to answer the questions : Table9.2:
Use the following table to answer the questions : Table9.2:    -Complete Table 9.2.(Data are expressed in billions of dollars. )  If the full-employment level of income (Y<sub>F</sub>) in Table 9.2 is $700 billion, A) The economy is in equilibrium. B) There is a recessionary gap of $250 billion. C) There is an inflationary gap of $450 billion. D) There is an inflationary gap of $700 billion.
-Complete Table 9.2.(Data are expressed in billions of dollars. ) If the full-employment level of income (YF) in Table 9.2 is $700 billion,


A) The economy is in equilibrium.
B) There is a recessionary gap of $250 billion.
C) There is an inflationary gap of $450 billion.
D) There is an inflationary gap of $700 billion.

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