The figure below shows the short-run aggregate supply curve of an economy.In this figure,a recessionary gap would be represented by the distance between:

A)Y1and Y2.
B)Y1and Y3.
C)Y2and Y3.
D)P3and P1.
E)P3and P2.

Question

The figure below shows the short-run aggregate supply curve of an economy.In this figure,a recessionary gap would be represented by the distance between:

A)Y1and Y2. 
B)Y1and Y3. 
C)Y2and Y3. 
D)P3and P1. 
E)P3and P2.

Quizplus · Accepted Answer

The Answer of The figure below shows the short-run aggregate supply curve of an economy.In this figure,a recessionary gap would be represented by the distance between:

A)Y1and Y2. 
B)Y1and Y3. 
C)Y2and Y3. 
D)P3and P1. 
E)P3and P2.

The Figure Below Shows the Short-Run Aggregate Supply Curve of an Economy.In