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    Exam 11: Aggregate Supply
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    Exhibit 11-2 -In Exhibit 11-2, a Contractionary Gap Would Be Represented by Be
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Exhibit 11-2 -In Exhibit 11-2, a Contractionary Gap Would Be Represented by Be

Question 58

Question 58

Multiple Choice

Exhibit 11-2 Exhibit 11-2   -In Exhibit 11-2, a contractionary gap would be represented by the distance A) Y<sub>1</sub> - Y<sub>2</sub> B) Y<sub>1</sub> - Y<sub>3</sub> C) Y<sub>2</sub> - Y<sub>3</sub> D) P<sub>3</sub> - P<sub>1</sub> E) P<sub>3</sub> - P<sub>2</sub>
-In Exhibit 11-2, a contractionary gap would be represented by the distance


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

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