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The Figure Below Shows the Short-Run Aggregate Supply Curve of an Economy

Question 5

Multiple Choice

The figure below shows the short-run aggregate supply curve of an economy. In this figure, a recessionary gap would be represented by the distance between:
The figure below shows the short-run aggregate supply curve of an economy. In this figure, a recessionary gap would be represented by the distance between: A) Y<sub>1</sub>and Y<sub>2</sub>. B) Y<sub>1</sub>and Y<sub>3</sub>. C) Y<sub>2</sub>and Y<sub>3</sub>. D) P<sub>3</sub>and P<sub>1</sub>. E) P<sub>3</sub>and P<sub>2</sub>.


A) Y1and Y2.
B) Y1and Y3.
C) Y2and Y3.
D) P3and P1.
E) P3and P2.

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