If the intersection of aggregate demand (ADo) and aggregate supply (SRASO) is occurring below the level of potential GDP as the LRAS curve indicates, this is described as LRAS SRAS, P, E, E AD, Pa AD...

Extracted text: If the intersection of aggregate demand (ADo) and aggregate supply (SRASO) is occurring below the level of potential GDP as the LRAS curve indicates, this is described as LRAS SRAS, P, E, E AD, Pa AD Y. Real GDP O an inflationary gap O a deflationary gap. O the business cycle O an uptick in the economy Price Level