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The Figure Shows Planned Aggregate Expenditure and Output for an Economy

Question 37

Multiple Choice

The figure shows planned aggregate expenditure and output for an economy. The figure shows planned aggregate expenditure and output for an economy. Suppose that the economy's output is Y<sub>3</sub>. This level of GDP would be considered: A) inflationary. B) recessionary. C) below full employment. D) a natural rate of output. Suppose that the economy's output is Y3. This level of GDP would be considered:


A) inflationary.
B) recessionary.
C) below full employment.
D) a natural rate of output.

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