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The SRAS Is Horizontal at a Price Level of 3

Question 48

Multiple Choice

The SRAS is horizontal at a price level of 3. -According to the AD-AS model,the economy depicted above has a short-run equilibrium output of ___________ and a(n) ___________ gap equal to ___________. A) 650;expansionary;50 B) 500;recessionary;100 C) 600;recessionary;50 D) 650;expansionary;100 E) 600;recessionary;650 The SRAS is horizontal at a price level of 3.
-According to the AD-AS model,the economy depicted above has a short-run equilibrium output of ___________ and a(n) ___________ gap equal to ___________.


A) 650;expansionary;50
B) 500;recessionary;100
C) 600;recessionary;50
D) 650;expansionary;100
E) 600;recessionary;650

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