The figure below shows the short-run aggregate demand and supply curves of an economy. In this figure, the distance between Y₁ and Y₂ represents: A) an expansionary gap. B) a recessionary gap. C) a cost-push inflation. D) the natural rate of unemployment. E) the full employment output.

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The Answer of The figure below shows the short-run aggregate demand and supply curves of an economy. In this figure, the distance between Y₁ and Y₂ represents: A) an expansionary gap. B) a recessionary gap. C) a cost-push inflation. D) the natural rate of unemployment. E) the full employment output.

The Figure Below Shows the Short-Run Aggregate Demand and Supply