The figure shows planned aggregate expenditure and output for an economy. 
The distance between _______ illustrates a recessionary expenditure gap.
Definitions:
Master Budget
A comprehensive financial planning document that consolidates all of an organization's budgets, including income, expenses, and capital.
Budgeted Balance Sheet
A financial report projected for the future that outlines a company's expected financial position, including assets, liabilities, and equity at a specific time.
Selling Expense Budget
A projection of the costs associated with selling a product or service, including advertising, sales staff salaries, and commissions.
Master Budget
The master budget is a comprehensive financial planning document that consolidates all of a company's individual budgets, forecasting future financial activities.
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