If Planned Aggregate Expenditure (PAE )In an Economy Equals 2,000

question 40

Multiple Choice

If planned aggregate expenditure (PAE ) in an economy equals 2,000 + 0.8Y and potential output (Y*) equals 11,000, then this economy has:

• A)an expansionary gap.
• B)a recessionary gap.
• C)no output gap.
• D)no autonomous expenditure.

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Definitions:

Self-Report Measure

A type of psychological assessment where individuals provide subjective reports about their own thoughts, feelings, or behaviors.

Personality Assessment

The way we measure and capture personality, using a variety of methods.

Cronbach's Alpha

A measure used in statistics to assess the reliability, or internal consistency, of a set of scale or test items.

Internal Reliability

A measure of consistency within a psychological test, indicating how closely related the items in the test are as a group.