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Use the graph to answer the question that follows. Price level SRAS . Use the graph to answer the question that follows. price level LRAS

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Use the graph to answer the question that follows. Price level SRAS .

Use the graph to answer the question that follows. price level LRAS SRAS AD Real GDP Which of the following statements is true about the economy in question? O The economy is experiencing a positive output gap and is producing less than its full employment output. O The economy is experiencing a negative output gap and is producing equal to its full employment output. O The economy is experiencing a negative output gap and is producing less than its full employment output. O The economy is experiencing a positive output gap and is producing more than its full employment output. O The economy is experiencing a negative output gap and is producing more than its full employment output.

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