If $\Delta \pi 0$ , 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.

Name: If $\Delta \pi > 0$ , 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.
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Question

If $\Delta \pi > 0$ , 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 $\Delta \pi > 0$, then the economy is experiencing inflation. This means that the economy is in an expansion.

If Δπ>0\Delta \pi > 0Δπ>0 , the Macroeconomy Is: A) in a Recession B) in in a Recession

If $\Delta \pi > 0$ , the Macroeconomy Is:
A) in a Recession
B) in in a Recession