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A Graph Refer to the above diagram. If the full-employment level of GDP is B and aggregate expenditures are at AE3, the: recessionary GDP gap
A Graph Refer to the above diagram. If the full-employment level of GDP is B and aggregate expenditures are at AE3, the: recessionary GDP gap is AB. inflationary expenditure gap is ed. recessionary GDP gap is BC. inflationary GDP gap is BC
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