When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.

What is the likely reason for the Industrial Revolution to have started in Britain and not somewhere else?

What will be an ideal response?

When the plans of buyers and sellers are fully coordinated

A) the market clears. B) there is neither a shortage nor surplus of a good. C) quantity demanded equals quantity supplied. D) all of the above are true.