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Exhibit 11-3 -In an Economy Characterized by the Aggregate Demand Curve AD

Question 19

Multiple Choice

Exhibit 11-3 Exhibit 11-3 -In an economy characterized by the aggregate demand curve AD and the short-run aggregate supply curve SRAS<sub>110 </sub>in Exhibit 11-3,what would be the size of the recessionary gap? A) $.5 trillion B) $1 trillion C) $1.5 trillion D) $2 trillion E) $2.5 trillion
-In an economy characterized by the aggregate demand curve AD and the short-run aggregate supply curve SRAS110 in Exhibit 11-3,what would be the size of the recessionary gap?


A) $.5 trillion
B) $1 trillion
C) $1.5 trillion
D) $2 trillion
E) $2.5 trillion

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