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In Figure 9

Question 20

Multiple Choice

In Figure 9.9,at a full-employment output level of $150 billion,the gap by which actual aggregate income or GDP is different from full-employment income or GDP is In Figure 9.9,at a full-employment output level of $150 billion,the gap by which actual aggregate income or GDP is different from full-employment income or GDP is A) An inflationary gap of $25 billion income. B) A recessionary gap of $50 billion income. C) An inflationary gap of $50 billion income. D) Expenditure equilibrium.


A) An inflationary gap of $25 billion income.
B) A recessionary gap of $50 billion income.
C) An inflationary gap of $50 billion income.
D) Expenditure equilibrium.

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