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Question 23 2.5 Points Look at the figure 3. If the economy is at point A, there Is a(n) _gap with _unemployment. Exam 3-Figure 3(1).png

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Question 23 2.5 Points Look at the figure 3. If the economy is at point A, there Is a(n) _gap with _unemployment. Exam 3-Figure 3(1).png Figure 3 Price LRAS SRAS A AD GDP Potential GDP A inflationary; low. B Inflationary, high. recessionary; low. D recessionary, high Question 24 2.5 Points Look at the Figure 5, At E2, the economy: Exam 3- Figure 5.png ... LRAS GRAS E2 AD 3 AD 2 AD 1 Real GDP Y1 YZ Y 3 is at the long run equilibrium. B has an inflationary gap. C has a recessionary gap. D has high unemployment Question 25 25 Points

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