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    ECON Macro Principles
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    Exam 11: Aggregate Supply
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    -Refer to the Graph in the Exhibit
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-Refer to the Graph in the Exhibit

Question 14

Question 14

Multiple Choice

  -Refer to the graph in the exhibit.What does the graph illustrate regarding the economy?   A)  that the expansionary gap has been closed  B)  that the contractionary gap has been closed  C)  that the economy will experience deflation  D)  that the economy will experience inflation
-Refer to the graph in the exhibit.What does the graph illustrate regarding the economy?  


A)  that the expansionary gap has been closed 
B)  that the contractionary gap has been closed 
C)  that the economy will experience deflation 
D)  that the economy will experience inflation

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