If $\tilde { Y } _ { t } 0$ , the macroeconomy is:
A) in a recession
B) in an expansion
C) at its potential level of output
D) Not enough information is given.
E) None of these answers are correct.

Question

If $\tilde { Y } _ { t } > 0$ , the macroeconomy is:
A) in a recession
B) in an expansion
C) at its potential level of output
D) Not enough information is given.
E) None of these answers are correct.

Quizplus · Accepted Answer

If $\tilde { Y } _ { t } > 0$, it indicates that the actual output is above the potential output, suggesting the economy is in an expansion phase.

If Y~t>0\tilde { Y } _ { t } > 0Y~t​>0

If $\tilde { Y } _ { t } > 0$