(Figure: Short- and Long-Run Equilibrium II) Use Figure: Short- and Long-Run Equilibrium II. If the economy is in short-run macroeconomic equilibrium at E1, it is in a(n) :
A) recessionary gap
B) recessionary gap.
C) inflationary gap.
D) inflationary gap
E) debt spiral
F) debt spiral.
G) liquidity trap.
H) liquidity trap
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