The Figure Below Shows the Short-Run Aggregate Demand and Supply

question 84

Multiple Choice

The figure below shows the short-run aggregate demand and supply curves of an economy. In this figure, the distance between Y₁ and Y₂ represents:

• A) an expansionary gap.
• B) a recessionary gap.
• C) a cost-push inflation.
• D) the natural rate of unemployment.
• E) the full employment output.

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