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2. In the figure below, which of the graph (a - c) is consistent with or representative of: a) an economy operating at the natural

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2. In the figure below, which of the graph (a - c) is consistent with or representative of: a) an economy operating at the natural unemployment ("full employment") rate: (b) a surplus in the labor market & underproduction of goods and services: c) a recessionary gap: (d) a cyclical unemployment rate of zero: (e) a shortage in the labor market & overproduction of goods and services: LAAS SRAS LAAS SPAS LAAS SRAS. The Price Level economy is here The economy The is here. economy Price Level Price Level is here. AD AD, 0 Real Real Peel GDP GOP GDP (al (c)

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