The figure below shows short-run equilibrium in an aggregate demand-aggregate supply model.In this figure,the distance between points Y1 and Y2 represents:

A)an expansionary gap.
B)a recessionary gap.
C)the potential output.
D)seasonal unemployment.
E)structural unemployment.

Question

The figure below shows short-run equilibrium in an aggregate demand-aggregate supply model.In this figure,the distance between points Y1 and Y2 represents:

A)an expansionary gap. 
B)a recessionary gap. 
C)the potential output. 
D)seasonal unemployment. 
E)structural unemployment.

Quizplus · Accepted Answer

The Answer of The figure below shows short-run equilibrium in an aggregate demand-aggregate supply model.In this figure,the distance between points Y1 and Y2 represents:

A)an expansionary gap. 
B)a recessionary gap. 
C)the potential output. 
D)seasonal unemployment. 
E)structural unemployment.

The Figure Below Shows Short-Run Equilibrium in an Aggregate Demand-Aggregate