Multiple Choice
The figure given below shows the macroeconomic equilibrium of a country.
Figure 10.7

-Given a potential GDP level of $3,000, the recessionary gap in Figure 10.7 equals _____.
A) $3,000
B) $2,500
C) $1,500
D) $500
E) $100
Correct Answer:

Verified
Correct Answer:
Verified
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