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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.7
In a recessionary gap, where does the equilibrium point (B) lie in relation to the long-run aggregate supply (LRAS) curve?
Above LRAS
It does not intersect with LRAS
Below LRAS
At LRAS
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AP Macroeconomics - 3.7 Long-Run Self-Adjustment
Key terms
Recessionary Gap
Equilibrium Point
Long-Run Aggregate Supply (LRAS) Curve
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
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Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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