Price Len! LRAS Diagram A SRAS Price Level Diagram B LEAS SRAS Price Len! Diagram C LEAS AD RGDP AD RGDP Name which of Diagram A, Diagram B and Diagram C corresponds to a Recessionary Gap, Inflationary Gap and Long Run Equilibrium. RGDP Long Run Equilibrium 1. Diagram A Recessionary Gap 2. Diagram B 3. Diagram C Inflationary Gap AD SRAS

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Price Len!
LRAS
Diagram A
SRAS
Price Level
Diagram B
LEAS
SRAS
Price Len!
Diagram C
LEAS
AD
RGDP
AD
RGDP
Name which of Diagram A, Diagram B and Diagram C corresponds to a Recessionary
Gap, Inflationary Gap and Long Run Equilibrium.
RGDP
Long Run Equilibrium
1. Diagram A
Recessionary Gap
2. Diagram B
3. Diagram C
Inflationary Gap
AD
SRAS
Transcribed Image Text:Price Len! LRAS Diagram A SRAS Price Level Diagram B LEAS SRAS Price Len! Diagram C LEAS AD RGDP AD RGDP Name which of Diagram A, Diagram B and Diagram C corresponds to a Recessionary Gap, Inflationary Gap and Long Run Equilibrium. RGDP Long Run Equilibrium 1. Diagram A Recessionary Gap 2. Diagram B 3. Diagram C Inflationary Gap AD SRAS
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