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    Exam 11: Aggregate Supply
  5. Question
    Exhibit 11-2 -In Exhibit 11-2, an Expansionary Gap Would Be Represented by Be
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Exhibit 11-2 -In Exhibit 11-2, an Expansionary Gap Would Be Represented by Be

Question 120

Question 120

Multiple Choice

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


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

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