Use the table below to answer the following questions.
Table 26.3.3

-Refer to Table 26.3.3. When the economy is at its short-run macroeconomic equilibrium, the economy
A)is also in a long-run macroeconomic equilibrium.
B)has an inflationary gap.
C)has a recessionary gap.
D)has neither an inflationary nor a recessionary gap.
E)Both A and D are correct.

Question

Use the table below to answer the following questions.
Table 26.3.3
 
-Refer to Table 26.3.3. When the economy is at its short-run macroeconomic equilibrium, the economy
A)is also in a long-run macroeconomic equilibrium. 
B)has an inflationary gap. 
C)has a recessionary gap. 
D)has neither an inflationary nor a recessionary gap. 
E)Both A and D are correct.

Quizplus · Accepted Answer

The Answer of Use the table below to answer the following questions.
Table 26.3.3
 
-Refer to Table 26.3.3. When the economy is at its short-run macroeconomic equilibrium, the economy
A)is also in a long-run macroeconomic equilibrium. 
B)has an inflationary gap. 
C)has a recessionary gap. 
D)has neither an inflationary nor a recessionary gap. 
E)Both A and D are correct.

Use the Table Below to Answer the Following Questions