-The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. In short-run equilibrium, there is
A) an inflationary gap of $100.
B) a recessionary gap of $100.
C) a recessionary gap of $200.
D) an inflationary gap of $200.

Question

-The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. In short-run equilibrium, there is
A) an inflationary gap of $100. 
B) a recessionary gap of $100. 
C) a recessionary gap of $200. 
D) an inflationary gap of $200.

Quizplus · Accepted Answer

The Answer of 
-The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. In short-run equilibrium, there is
A) an inflationary gap of $100. 
B) a recessionary gap of $100. 
C) a recessionary gap of $200. 
D) an inflationary gap of $200.

-The Table Above Gives the Aggregate Demand and Aggregate Supply