Use the following to answer questions: 
-(Figure: Inflationary and Recessionary Gaps) Refer to Figure: Inflationary and Recessionary Gaps.YP in panel (b) :
A) is potential output.
B) indicates a decrease in aggregate demand.
C) indicates a recessionary gap.
D) is associated with considerable unemployment.
Correct Answer:
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Figure: Inflationary
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Figure: Inflationary
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Figure: Policy
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