Use the graph below to answer the following questions. 1200 1100 AD 1000 900 800 700 600 Price Level 500 400 SRAS 300 200 100 LRAS 0 100 200 300 400 500 600 700 800 900 1000 1100 1200 Real GDP What type of gap is this economy experiencing? (recessionary, inflationary, no gap) What type of policy will bring the economy to potential output? (expansionary, contractionary) A/ What type of action will bring the economy to potential output? (tax cut, interest rate increase, spending increase) A/