If Planned Aggregate Expenditure (PAE)in an Economy Equals 1,000

question 124

Multiple Choice

If planned aggregate expenditure (PAE) in an economy equals 1,000 + 0.9Y and potential output (Y*) equals 9,000, 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:

Final Disposition

The concluding handling or settlement of remains after death, including burial, cremation, or other methods.

Bereavement Patterns

The various ways individuals and cultures express and process grief following the loss of a loved one.

Other Cultures

Societal groups with distinct languages, traditions, practices, and beliefs that differentiate them from one’s own culture.

Societies Dispose

The ways in which societies manage, discard, or deal with waste materials and unwanted items.