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10 20 9 10 110 12 13 150 16 170 180 19 20 210 1220 23 240 250 QUESTION 16 1 points Save Answer Exhibit:

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10 20 9 10 110 12 13 150 16 170 180 19 20 210 1220 23 240 250 QUESTION 16 1 points Save Answer Exhibit: Aggregate Demand and Aggregate Supply and the Great Depression Price level LRAS SRAS SRAS2 m n K AD2 AD, YK Y, YPY MY Real GDP Suppose the U.S. economy is at point ) With the onset of World War II, expansionary fiscal policies forced by the war pushed into an inflationary gap. Which of the following best illustrates this event? expansionary fiscal policies shifted the aggregate demand curve, creating an inflationary gap equal to (Y - Yp) O expansionary fiscal policies shifted the aggregate demand curve, creating an inflationary gap equal to (Ym - Yp) expansionary fiscal policies shifted the aggregate demand curve, creating an inflationary gap equal to (Ym - Y) expansionary fiscal policies shifted the aggregate demand curve, creating an inflationary gap equal to (Y - Y)

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