Refer to the figure below.The economy pictured in the figure has a(n) ______ gap with a short-run equilibrium combination of the price level and output indicated by point ___.
A)recessionary; A
B)recessionary; B
C)expansionary; C
D)expansionary; A

Question

Refer to the figure below.The economy pictured in the figure has a(n) ______ gap with a short-run equilibrium combination of the price level and output indicated by point ___. 
A)recessionary; A 
B)recessionary; B 
C)expansionary; C 
D)expansionary; A

Quizplus · Accepted Answer

The Answer of Refer to the figure below.The economy pictured in the figure has a(n) ______ gap with a short-run equilibrium combination of the price level and output indicated by point ___. 
A)recessionary; A 
B)recessionary; B 
C)expansionary; C 
D)expansionary; A

Refer to the Figure Below