Mathematics, 16.10.2020 04:01 haha396
Refer to Table 9.2. (Data are expressed in billions of dollars).
Full Employment Income (Output) Consumers Desire to Spend Investors Desire to Spend Total Private Spending Total Saving
$500 $300 $250 $___ $___
600 375 250 $___ $___
700 450 250 $___ $___
800 525 250 $___ $___
If the full-employment level of income (YF) in Table 9.2 is $800 billion
A. There is a recessionary gap of $25 billion.
B. The economy is in equilibrium.
C. There is an inflationary gap of $250 billion.
D. There is a recessionary gap of $275 billion.
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Refer to Table 9.2. (Data are expressed in billions of dollars).
Full Employment Income (Output) Co...
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