An Inflationary Expenditure Gap Is the Amount by Which

question 25

Multiple Choice

An inflationary expenditure gap is the amount by which:

• A) equilibrium GDP falls short of the full-employment GDP.
• B) aggregate expenditures exceed any given level of GDP.
• C) saving exceeds investment at the full-employment GDP.
• D) aggregate expenditures exceed the full-employment level of GDP.

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