Use the table below to answer the following questions.
Table 10.3.1

-Refer to Table 10.3.1.There is
A)a recessionary gap equal to $100 billion.
B)a recessionary gap equal to $50 billion.
C)an inflationary gap equal to $100 billion.
D)an inflationary gap equal to $50 billion.
E)neither an inflationary nor a recessionary gap because the economy is at full employment.

Question

Use the table below to answer the following questions.
Table 10.3.1
 
-Refer to Table 10.3.1.There is
A)a recessionary gap equal to $100 billion. 
B)a recessionary gap equal to $50 billion. 
C)an inflationary gap equal to $100 billion. 
D)an inflationary gap equal to $50 billion. 
E)neither an inflationary nor a recessionary gap because the economy is at full employment.

Quizplus · Accepted Answer

The Answer of Use the table below to answer the following questions.
Table 10.3.1
 
-Refer to Table 10.3.1.There is
A)a recessionary gap equal to $100 billion. 
B)a recessionary gap equal to $50 billion. 
C)an inflationary gap equal to $100 billion. 
D)an inflationary gap equal to $50 billion. 
E)neither an inflationary nor a recessionary gap because the economy is at full employment.

Use the Table Below to Answer the Following Questions