A recessionary gap means that the level of real GDP at the ...

[audie]

A recessionary gap means that the level of real GDP at the short-run macroeconomic equilibrium
 
  A) is less than full-employment GDP.
  B) equals full-employment GDP.
  C) is more than full-employment GDP.
  D) may be less than, more than, or the same as full-employment GDP depending on the level of potential GDP.

Question 2

In the above table, the efficient quantity of brownies is produced when the price of a brownie is equal to
 
  A) 0.
  B) 40.
  C) 60.
  D) 80.

[smrtceo]

Answer to Question 1

A

Answer to Question 2

C

[audie]

Excellent

[nanny]

TYSM