Question: Aggregate price LRAS level SRAS E3 ....... X AD3 AD2 AD Y1 Y2 Y3 Real GDP Refer to Figure: Inflationary and Recessionary Gaps. Which equation

Aggregate price LRAS level SRAS E3 ....... X AD3 AD2 AD

Aggregate price LRAS level SRAS E3 ....... X AD3 AD2 AD Y1 Y2 Y3 Real GDP Refer to Figure: Inflationary and Recessionary Gaps. Which equation measures an inflationary gap? O A. Y3 - Y1 O B. Y3 - Y2 O C. Y2 - Y1 O D. Y3 - YO

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