Which of the Following Would Be Evidence That a Recessionary

Multiple Choice

Which of the following would be evidence that a recessionary gap exists?  

A)  rapid deflation during a period in which plant capacity utilization is below average 
B)  steady price level, and a 5 percent unemployment rate 
C)  less help-wanted advertising than usual, and a lower consumer price index than expected 
D)  markedly higher inflation, and the TSX at record levels