The figure above shows an economy's aggregate demand curve, aggregate supply curve, and potential GDP.
-In the figure above, the ________ gap is one trillion dollars. To close the gap, the government can change expenditure by ________ one trillion dollars.
Definitions:
Marketable Securities
Financial instruments that can be easily bought or sold on public exchanges or markets due to their high liquidity and short-term maturity.
Liquid Investments
Assets that can be easily converted into cash with minimal loss in value, ensuring quick accessibility of funds when needed.
Administrative Reason
A justification or explanation based on the requirements or procedures of management or bureaucracy.
Emergency Needs
Immediate financial requirements that arise unexpectedly, requiring quick access to funds.
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