- Figure 2 Total Expenditure Ae Aez B Ae 45 National Y D Y E Y Income Y Use Figure 2 To Answer The Multiple Choice 1 (47.9 KiB) Viewed 107 times
Figure 2 Total expenditure AE AEZ b) AE 45° National Y d) Y₂ e) Y, income (Y) Use figure 2 to answer the multiple choice
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Figure 2 Total expenditure AE AEZ b) AE 45° National Y d) Y₂ e) Y, income (Y) Use figure 2 to answer the multiple choice
Figure 2 Total expenditure AE AEZ b) AE 45° National Y d) Y₂ e) Y, income (Y) Use figure 2 to answer the multiple choice questions 7-10. For each question, suppose an economy begins in equilibrium with Actual Expenditure of AEZ. 7. If full employment output is at Y1, what is the size of the inflationary gap? a), b), c), d) or e). 8. If full employment output is at Ys, what is the size of the deflationary gap? a), b), c), d) or e). 9. An increase in government spending the size of b) would change national income by: a), b), c), d) or e). 10. An increase in the interest rate that reduced Investment by the size of c) would change national income by: a), b), c), d) or e)
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