Business, 03.07.2020 20:01 coopera1744

QUESTION 6 Aggregate
price
level
LRAS
SRAS
w
AD
Potential GDP
Real GDP
(Figure: AD-AS Model 1) If the economy is at point X, there is:
OA) an inflationary gap with low unemployment.
OB) an inflationary gap with high unemployment.
OC) a recessionary gap with low unemployment.
OD) a recessionary gap with high unemployment.

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QUESTION 6 Aggregate
price
level
LRAS
SRAS
w
AD
Potential GDP