-Refer to the above figure. If the economy is currently operating at point C, then there is
A)a stable long-run equilibrium situation.
B)a recessionary gap.
C)an inflationary gap.
D)unemployment.

Question

-Refer to the above figure. If the economy is currently operating at point C, then there is
A)a stable long-run equilibrium situation. 
B)a recessionary gap. 
C)an inflationary gap. 
D)unemployment.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above figure. If the economy is currently operating at point C, then there is
A)a stable long-run equilibrium situation. 
B)a recessionary gap. 
C)an inflationary gap. 
D)unemployment.

-Refer to the Above Figure