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Question 45

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Use the following to answer questions:
Figure: Inflationary and Recessionary Gaps Use the following to answer questions: Figure: Inflationary and Recessionary Gaps -(Figure: Inflationary and Recessionary Gaps) Look at the figure Inflationary and Recessionary Gaps. Which of the following measures a recessionary gap? A) Y<sub>3</sub> - Y<sub>1</sub> B) Y<sub>3</sub> - Y<sub>2</sub> C) Y<sub>2</sub> - Y<sub>1</sub> D) Y<sub>3</sub> - Y<sub>0</sub>
-(Figure: Inflationary and Recessionary Gaps) Look at the figure Inflationary and Recessionary Gaps. Which of the following measures a recessionary gap?


A) Y3 - Y1
B) Y3 - Y2
C) Y2 - Y1
D) Y3 - Y0

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