Use the following to answer questions :
Figure: Fiscal Policy Choices 
-(Figure: Fiscal Policy Choices) Look at the figure Fiscal Policy Choices. In panel (b) , if real GDP is equal to Y1, there is:
A) an inflationary gap.
B) a recessionary gap.
C) equilibrium at full employment.
D) no gap.
Correct Answer:
Verified
Q63: An inflationary gap can be closed with:
A)
Q70: A recessionary gap can be closed with:
A)
Q85: Use the following to answer questions:
Figure: Fiscal
Q85: Expansionary fiscal policy shifts the aggregate demand
Q87: Use the following to answer questions:
Figure: Fiscal
Q89: Use the following to answer questions:
Figure: Fiscal
Q91: Contractionary fiscal policy shifts the aggregate demand
Q91: Use the following to answer questions:
Figure: Fiscal
Q95: If there is an inflationary gap in
Q95: Use the following to answer questions :
Figure:
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