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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
Posted: Thu May 19, 2022 9:24 am
by answerhappygod
- 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 92 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
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)