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 C_a + I_g + X_n + G at the full-employment output
B) Excess of S_a + M + T over I_g + X + G at the full-employment GDP
C) Extra consumption that occurs when investment increases in a full-employment economy
D) Excess of C_a + I_g + X_n + G at the full-employment GDP