Complete Table 9 $\text { Table } 9.2$ If the Full-Employment Level of Income (Y_F)in Table 9

question 66

Multiple Choice

Complete Table 9.2.(Data are expressed in billions of dollars.) $\begin{array}{cccc}\text { Full Employment } & \text { Consumers } & \text { Investors Desire } & \text { Total Private } \\\text { Income (Output) } & \text { Desire to Spend } & \text { to Spend } & \text { Spending }&\text { Total Saving }\\\hline\$ 500 & \$ 300 & \$ 250&\$\_\_\_&\$\_\_\_ \\600 & 375 & 250&\$\_\_\_&\$\_\_\_ \\700 & 450 & 250&\$\_\_\_&\$\_\_\_ \\800 & 525 & 250&\$\_\_\_&\$\_\_\_\end{array}$

$\text { Table } 9.2$ If the full-employment level of income (Y_F) in Table 9.2 is $800 billion,

• A)The economy is in equilibrium.
• B)There is a recessionary gap of $25 billion.
• C)There is an inflationary gap of $250 billion.
• D)There is a recessionary gap of $275 billion.

---

Definitions:

Spanish Colonies

Territories in the Americas, Africa, Asia, and Oceania that were part of the Spanish Empire from the late 15th century through the 19th century.

Native Americans

Indigenous peoples of the Americas, including various tribes, nations, and groups, who inhabited the continent before European colonization.

Smallpox Epidemic

A widespread outbreak of smallpox, a highly contagious and often deadly viral disease, affecting a large number of people.

Aztec Society

A highly structured and complex society that developed in central Mexico in the 14th, 15th, and 16th centuries, noted for its architectural, artistic, and mathematical achievements, as well as its warrior culture.