-Refer to the above figure. If the relevant aggregate demand curve is AD₁, then the economy is experiencing
A)an inflationary gap.
B)a recessionary gap.
C)a deflationary gap.
D)full employment.

Question

-Refer to the above figure. If the relevant aggregate demand curve is AD₁, then the economy is experiencing
A)an inflationary gap. 
B)a recessionary gap. 
C)a deflationary gap. 
D)full employment.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above figure. If the relevant aggregate demand curve is AD₁, then the economy is experiencing
A)an inflationary gap. 
B)a recessionary gap. 
C)a deflationary gap. 
D)full employment.

-Refer to the Above Figure