A "Recessionary Expenditure Gap" Is

question 128

Multiple Choice

A "recessionary expenditure gap" is:

• A)the amount by which the full-employment GDP exceeds equilibrium GDP.
• B)the amount by which aggregate expenditures fall short of those required to achieve the full-employment GDP.
• C)the amount by which investment exceeds saving at the full-employment GDP.
• D)the amount by which aggregate expenditures exceed the full-employment level of domestic output.

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Definitions:

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