-In the above figure, the short-run aggregate supply curve is SAS and the aggregate demand curve is AD. A recessionary gap exists
A) if the long-run aggregate supply curve is LAS1.
B) if the long-run aggregate supply curve is LAS2.
C) if the long-run aggregate supply curve is LAS3.
D) All of the above answers are correct.

Question

-In the above figure, the short-run aggregate supply curve is SAS and the aggregate demand curve is AD. A recessionary gap exists
A) if the long-run aggregate supply curve is LAS1. 
B) if the long-run aggregate supply curve is LAS2. 
C) if the long-run aggregate supply curve is LAS3. 
D) All of the above answers are correct.

Quizplus · Accepted Answer

The Answer of 
-In the above figure, the short-run aggregate supply curve is SAS and the aggregate demand curve is AD. A recessionary gap exists
A) if the long-run aggregate supply curve is LAS1. 
B) if the long-run aggregate supply curve is LAS2. 
C) if the long-run aggregate supply curve is LAS3. 
D) All of the above answers are correct.

-In the Above Figure, the Short-Run Aggregate Supply Curve Is