- In the Figure Above, the _{--------------------}gap Is One Trillion Dollars

question 63

Multiple Choice

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In the figure above, the _{--------------------}gap is one trillion dollars. To close the gap, the government can change expenditure by_{--------------------}one trillion dollars.

• A)recessionary; exactly
• B)inflationary; more than
• C)recessionary; more than
• D)recessionary; less than
• E)inflationary; exactly

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Definitions:

Repayment Schedule

A detailed plan of the amounts and timing of payments to be made on a loan.

Loan

An amount of money lent out that is to be returned with a specified interest.

T-Bill

Treasury Bill, a short-term government security issued at a discount from the face value and pays no interest before it matures.

Yields

The income return on an investment, such as the interest or dividends received, usually expressed as an annual percentage.