Figure 17-1 -Refer to Figure 17-1. During the Great Depression, Aggregate Demand

Multiple Choice

Figure 17-1
-Refer to Figure 17-1. During the Great Depression, aggregate demand declined sharply. As a result, the economy moved to

A) point k creating a recessionary gap equal to (Y_m - Y_k) .
B) point k creating a recessionary gap equal to (Y_P -Y_k) .
C) point j creating a recessionary gap equal to (Y_P - Y_j) .
D) point j creating a recessionary gap equal to (Y_n -Y_j) .