Exhibit 10.1 -Refer to Exhibit 10.1, Which Shows the Short-Run Aggregate Supply

Multiple Choice

Exhibit 10.1

-Refer to Exhibit 10.1, which shows the short-run aggregate supply curve of an economy. In this Exhibit, a recessionary gap would be represented by the distance between _____

A) Y₁ and Y₂.
B) Y₁ and Y₃.
C) Y₂ and Y₃.
D) P₃ and P₁.
E) P₃ and P₂.