The Amount of Additional Aggregate Demand Needed to Achieve Full

question 132

Multiple Choice

The amount of additional aggregate demand needed to achieve full employment after allowing for price level changes is

• A)The AD shortfall.
• B)The AD excess.
• C)The recessionary GDP gap.
• D)The inflationary GDP gap.

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Definitions:

Budgeting Factor

An element or variable that is considered in the preparation of a budget, influencing or determining the amounts allocated within the budget.

Time Frame

Refers to the specific duration during which an activity or event occurs.

Objectives

Specific, measurable goals that a person or organization aims to achieve within a defined timeframe.

Promotion

Marketing activities aimed at increasing awareness, interest, and sales of a product or service, including advertising, sales promotions, and public relations.