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-Refer to the Above Diagram

Question 97

Multiple Choice

-Refer to the above diagram.If the full-employment level of GDP is B and aggregate expenditures are at AE<sub>3</sub>,the: A) inflationary expenditure gap is ed. B) inflationary expenditure gap is BC. C) recessionary expenditure gap is eg. D) economy is in equilibrium,but at less than full employment.
-Refer to the above diagram.If the full-employment level of GDP is B and aggregate expenditures are at AE3,the:


A) inflationary expenditure gap is ed.
B) inflationary expenditure gap is BC.
C) recessionary expenditure gap is eg.
D) economy is in equilibrium,but at less than full employment.

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