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question 112

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Use the following to answer questions:
Figure: Short-Run Equilibrium Use the following to answer questions: Figure: Short-Run Equilibrium   -(Figure: Short-Run Equilibrium)  Look at the figure Short-Run Equilibrium. It reflects a short-run inflationary gap. According to the labeling on the graph, the size of the inflationary gap is equal to: A) P<sub>2</sub> - P<sub>1</sub>. B) Y<sub>1</sub> - Y<sub>P</sub>. C) P<sub>2</sub> - P<sub>0</sub>. D) P<sub>1</sub> - P<sub>0</sub>.
-(Figure: Short-Run Equilibrium) Look at the figure Short-Run Equilibrium. It reflects a short-run inflationary gap. According to the labeling on the graph, the size of the inflationary gap is equal to:


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