Using the data in the above table, in the short -run macroeconomic equilibrium, there is
A. an inflationary gap of $1 trillion.
B. an inflationary gap of $2 trillion.
C. a recessionary gap of $1 trillion.
D. a recessionary gap of $2 trillion.
Answer:A
Using the data in the above table, in the short -run macroeconomic equilibrium, there is
A. an inflationary gap of $1 trillion. B. an inflationary gap of $2 trillion. C. a recessionary gap of $1 trillion. D. a recessionary gap of $2 trillion.