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-Consider the Above Figure

Question 308

Multiple Choice

-Consider the above figure. If the aggregate demand went from AD₂ to AD₃, our nation would have gone from A) a recessionary gap to an inflationary gap. B) a recessionary gap to full-employment real GDP. C) an inflationary gap to full-employment GDP. D) full-employment real GDP to an inflationary gap.
-Consider the above figure. If the aggregate demand went from AD₂ to AD₃, our nation would have gone from


A) a recessionary gap to an inflationary gap.
B) a recessionary gap to full-employment real GDP.
C) an inflationary gap to full-employment GDP.
D) full-employment real GDP to an inflationary gap.

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