________ usually increase(s) when the U.S. economy is in a recession and decrease(s) when the U.S. economy is expanding

Two goods are substitutes if an increase in the price of one good leads to a decrease in demand for the other

Indicate whether the statement is true or false

Refer to the above figure. If the economy is currently operating at point C, then there is

A) a stable long-run equilibrium situation. B) a recessionary gap. C) an inflationary gap. D) unemployment.