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A recessionary output gap occurs when Question 3Select one: a. equilibrium aggregate expenditure is below full employment GDP. cross out b. equilibrium aggregate expenditure is

A recessionary output gap occurs when Question 3Select one: a. equilibrium aggregate expenditure is below full employment GDP. cross out b. equilibrium aggregate expenditure is equal to full employment GDP. cross out c. equilibrium aggregate expenditure is above full employment GDP. cross out d. government spending is insufficient causing a negative growth rate of GDP

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