Multiple Choice
The SRAS is horizontal at a price level of 2.
-According to the AD-AS model,the economy depicted above has a short-run equilibrium output of ___________ and a(n) ___________ gap equal to ___________.
A) 550;expansionary;50
B) 600;recessionary;0
C) 600;expansionary;50
D) 650;expansionary;100
E) 600;recessionary;100
Correct Answer:
Verified
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