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) full employment.
B) an inflationary gap.
C) a liquidity trap.
D) stagflation.
Correct Answer:
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Q254: Use the following to answer questions:
Figure: Policy
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
Q260: Use the following to answer questions:
Figure: AD-AS
Q261: The aggregate demand curve shows a negative
Q262: The higher the existing physical capital stock,
Q263: In the income-expenditure model, if the price
Q264: An increase in Social Security benefits will
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