182.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.
183.A recessionary expenditure gap exists if:
184.Refer to the above diagram. If the full-employment level of GDP is B and aggregate expenditures are at AE3, the:
185.Refer to the above diagram. If the full-employment level of GDP is B and aggregate expenditures are at AE3, the:
186.Refer to the above diagram. The value of the multiplier for this economy is: A. BC/hg.B. BC/AB.C. ed/di.D. df/BC.
187.Assume the current equilibrium level of income is $200 billion as compared to the full-employment income level of $240 billion. If the MPC is 0.6, what change in aggregate expenditures is needed to achieve full employment?