In an Open Mixed Economy, the Inflationary Expenditure Gap May

Multiple Choice

In an open mixed economy, the inflationary expenditure gap may be described as the

A) excess of GDP over Ca + Ig + Xn + G at the full-employment output.
B) excess of Sa + M + T over Ig + X + G at the full-employment GDP.
C) extra consumption that occurs when investment increases in a full-employment economy.
D) excess of Ca + Ig + Xn + G at the full-employment GDP.