If the full-employment level of income in Figure 9.7 is $200 billion,there is
A)A recessionary gap of $100 billion per year.
B)A recessionary gap of $200 billion per year.
C)An inflationary gap of $100 billion per year.
D)Achievement of macro equilibrium.

Question

If the full-employment level of income in Figure 9.7 is $200 billion,there is
A)A recessionary gap of $100 billion per year. 
B)A recessionary gap of $200 billion per year. 
C)An inflationary gap of $100 billion per year. 
D)Achievement of macro equilibrium.

Quizplus · Accepted Answer

The Answer of  If the full-employment level of income in Figure 9.7 is $200 billion,there is
A)A recessionary gap of $100 billion per year. 
B)A recessionary gap of $200 billion per year. 
C)An inflationary gap of $100 billion per year. 
D)Achievement of macro equilibrium.

If the Full-Employment Level of Income in Figure 9