A "Recessionary Expenditure Gap" Is

Multiple Choice

A "recessionary expenditure gap" is:

A) the amount by which the full-employment GDP exceeds equilibrium GDP.
B) the amount by which aggregate expenditures fall short of those required to achieve the full-employment GDP.
C) the amount by which investment exceeds saving at the full-employment GDP.
D) the amount by which aggregate expenditures exceed the full-employment level of domestic output.