. (Figure: Inflationary and Recessionary Gaps) Use Figure: Inflationary and Recessiorary Gaps. ALE ,. the economy Aggreg
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. (Figure: Inflationary and Recessionary Gaps) Use Figure: Inflationary and Recessiorary Gaps. ALE ,. the economy Aggreg
. (Figure: Inflationary and Recessionary Gaps) Use Figure: Inflationary and Recessiorary Gaps. ALE ,. the economy Aggregate LRAS price level SRAS Pg E Ez P2 P1 EL AD AD2 AD Y, Y, Y, Real GDP a. is in long-run equilibrium. b.faces a recessionary gap. Oc faces an inflationary gap. Od. has low unemployment. .
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