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Use the Following Figure to Answer the Questions

Question 65

Multiple Choice

Use the following figure to answer the questions : Figure9.9
Use the following figure to answer the questions : Figure9.9 -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.
-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.

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