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Exhibit 12-3 -In an Economy Characterized by the Aggregate Demand Curve AD

question 24

Multiple Choice

Exhibit 12-3 Exhibit 12-3 -In an economy characterized by the aggregate demand curve AD and the short-run aggregate supply curve SRAS<sub>50 </sub>in Exhibit 12-3, what would be the size of the recessionary gap? A) $500 B) $400 C) $300 D) $200 E) $100
-In an economy characterized by the aggregate demand curve AD and the short-run aggregate supply curve SRAS50 in Exhibit 12-3, what would be the size of the recessionary gap?

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