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Question 257

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Use the following to answer questions:
Figure: AD-AS Use the following to answer questions: Figure: AD-AS -(Figure: AD-AS) Refer to Figure: AD-AS. Suppose the economy is in an inflationary gap so that SRAS<sub>1 </sub>intersects AD<sub>2</sub>. The size of the gap is equal to: A) Y<sub>1</sub> - Y<sub>P</sub>. B) Y<sub>1</sub>. C) Y<sub>1</sub> - Y<sub>2</sub>. D) Y<sub>P</sub> - Y<sub>2</sub>.
-(Figure: AD-AS) Refer to Figure: AD-AS. Suppose the economy is in an inflationary gap so that SRAS1 intersects AD2. The size of the gap is equal to:


A) Y1 - YP.
B) Y1.
C) Y1 - Y2.
D) YP - Y2.

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