Use the following to answer questions: Figure: Inflationary and Recessionary Gaps -(Figure: Inflationary and Recessionary Gaps) Look at the figure Inflationary and Recessionary Gaps. At E₁, the economy: A)is in equilibrium. B)has an inflationary gap. C)has a recessionary gap. D)has low unemployment.

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The Answer of Use the following to answer questions: Figure: Inflationary and Recessionary Gaps -(Figure: Inflationary and Recessionary Gaps) Look at the figure Inflationary and Recessionary Gaps. At E₁, the economy: A)is in equilibrium. B)has an inflationary gap. C)has a recessionary gap. D)has low unemployment.

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