Use the following to answer questions .
Exhibit: Fiscal Policy 2 
-(Exhibit: Fiscal Policy 2) If real GDP is equal to Yr, there is
A) an inflationary gap.
B) a recessionary gap.
C) equilibrium at full employment.
D) a short-run and a long-run equilibrium.
Correct Answer:
Verified
Q67: Suppose fiscal authorities raise state income tax
Q68: Use the following to answer questions .
Exhibit:
Q69: Use the following to answer questions .
Exhibit:
Q70: A recessionary gap can be closed with
A)
Q71: If there is an inflationary gap in
Q73: An inflationary gap can be closed with
A)
Q74: Use the following to answer questions .
Exhibit:
Q75: A contractionary fiscal policy shifts the aggregate
Q76: Use the following to answer questions .
Exhibit:
Q77: An expansionary fiscal policy shifts the aggregate
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