Aggregate price level P₂ P₁ Po Select one: LRAS a. P₁-Po. b. P₂ - P. C. P₂ - Po. d. Y₁ - Yp Yp Y₁ SRAS AD The above graph shows the short run equilibrium. The size of the short run inflationary gap is equal to: Real GDP

Aggregate price level P₂ P₁ Po Select one: LRAS a. P₁-Po. b. P₂ - P. C. P₂ - Po. d. Y₁ - Yp Yp Y₁ SRAS AD The above graph shows the short run equilibrium. The size of the short run inflationary gap is equal to: Real GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Aggregate
price level
P₂
P₁
Po
Select one:
LRAS
a. P₁ - Po.
b. P₂ - P.
C. P₂ - Po.
d. Y₁ - Yp
Yp Y₁
SRAS
AD
The above graph shows the short run equilibrium. The size of the short run
inflationary gap is equal to:
Real GDP

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