Refer to the following graphs for the following question.
-Which of the diagrams best reflects the existence of a recessionary gap?
Definitions:
Operation of Law
Changes in legal status or rights that occur automatically due to existing legal rules, rather than through the action of any party.
Mutual Agreement
A concord reached by all parties involved, based on shared terms and conditions, often formalized through a contract.
Secured Lending
The practice of issuing loans backed by collateral, providing the lender with security in case of borrower default.
Collateral
An asset offered by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the terms of the loan.
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