In the Keynesian cross depicted below,which of the following is NOT true?
A) The economy's potential output equals 1,000.
B) The economy's actual short-run equilibrium output equals 850.
C) The economy is in recession with a recessionary output gap of 150.
D) The economy has an expansionary output gap of 150.
E) The real interest rate facing the public equals 5%.

Question

In the Keynesian cross depicted below,which of the following is NOT true? 
A) The economy's potential output equals 1,000. 
B) The economy's actual short-run equilibrium output equals 850. 
C) The economy is in recession with a recessionary output gap of 150. 
D) The economy has an expansionary output gap of 150. 
E) The real interest rate facing the public equals 5%.

Quizplus · Accepted Answer

The Answer of In the Keynesian cross depicted below,which of the following is NOT true? 
A) The economy's potential output equals 1,000. 
B) The economy's actual short-run equilibrium output equals 850. 
C) The economy is in recession with a recessionary output gap of 150. 
D) The economy has an expansionary output gap of 150. 
E) The real interest rate facing the public equals 5%.

In the Keynesian Cross Depicted Below,which of the Following Is