Multiple Choice
An "inflationary expenditure gap" is the amount by which:
A) equilibrium GDP falls short of the full-employment GDP.
B) aggregate expenditures exceed those just necessary to achieve full-employment GDP.
C) saving exceeds investment at the full-employment GDP.
D) aggregate expenditures are less than the full-employment GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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