Refer to the diagram.If the full-employment level of GDP is B and aggregate expenditures are at AE₁,the: A) inflationary expenditure gap is hg. B) recessionary expenditure gap is BC. C) inflationary expenditure gap is zero. D) inflationary expenditure gap is ed.

Question

Quizplus · Accepted Answer

The Answer of Refer to the diagram.If the full-employment level of GDP is B and aggregate expenditures are at AE₁,the: A) inflationary expenditure gap is hg. B) recessionary expenditure gap is BC. C) inflationary expenditure gap is zero. D) inflationary expenditure gap is ed.

Refer to the Diagram