-In the figure above, the economy is at an equilibrium with real GDP of $13 trillion and a price level of 110. At this point there is
A)an inflationary gap.
B)a recessionary gap.
C)price stability.
D)a full-employment equilibrium.
E)a below full-employment equilibrium.

Question

-In the figure above, the economy is at an equilibrium with real GDP of $13 trillion and a price level of 110. At this point there is
A)an inflationary gap. 
B)a recessionary gap. 
C)price stability. 
D)a full-employment equilibrium. 
E)a below full-employment equilibrium.

Quizplus · Accepted Answer

The Answer of 
-In the figure above, the economy is at an equilibrium with real GDP of $13 trillion and a price level of 110. At this point there is
A)an inflationary gap. 
B)a recessionary gap. 
C)price stability. 
D)a full-employment equilibrium. 
E)a below full-employment equilibrium.

-In the Figure Above, the Economy Is at an Equilibrium