Arrange the following steps in the correct sequence for the long run economic adjustment process after a recession: A) Increase in resource prices leads to a leftward shift in the SRAS curve, B) Initial recession causes an output gap, C) Economy reaches full employment as output increases, D) Decrease in resource prices leads to a rightward shift in the SRAS curve.

In the long run economic adjustment process after a recession, it begins with an initial recession that causes an output gap, which is the difference between actual and potential output. As the economy starts to recover, resource prices might decrease because of lower demand, leading to a rightward shift in the Short-Run Aggregate Supply (SRAS) curve. This shift means that producers can supply more goods at lower prices, which helps the economy grow. Eventually, as output increases and more people find jobs, the economy reaches full employment. However, if resource prices then increase, this can shift the SRAS curve leftward, potentially leading to new economic challenges.