Description
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If aggregate expenditure in an economy equals 3,000 + 0.75Y and full employment real GDP equals 12,000, then this economy has Multiple Choice an inflationary gap. no autonomous expenditure. no output gap. a recessionary gap.
solved: If aggregate expenditure in an economy equals 3 , 0 0 0 + 0 . 7 5 Y and full employment real GDP equals 1 2 , 0 0 0
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