Use the following to answer questions:
Figure: Policy Alternatives 
-(Figure: Policy Alternatives) Refer to Figure: Policy Alternatives. If the economy is in equilibrium at Y1 in panel (a) , it is in:
A) a recessionary gap.
B) an inflationary gap.
C) simultaneous short-run and long-run equilibrium.
D) full employment.
Correct Answer:
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Q249: Use the following to answer questions:
Figure: Policy
Q250: Use the following to answer questions:
Figure: Policy
Q251: Use the following to answer questions:
Figure: AD-AS
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Figure: Policy
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Figure: AD-AS
Q255: Use the following to answer questions:
Figure: AD-AS
Q256: Use the following to answer questions:
Figure: AD-AS
Q257: Use the following to answer questions:
Figure: AD-AS
Q258: Use the following to answer questions:
Figure: AD-AS
Q259: Use the following to answer questions:
Figure: Policy
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