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PAE YPAE PAE 6,000 + 75Y PAE - 5.000 .75Y PAE - 4,000 75Y 5.000 5.000 4.000 45 16 20 Y 24 (000s) Output Y

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PAE YPAE PAE 6,000 + 75Y PAE - 5.000 .75Y PAE - 4,000 75Y 5.000 5.000 4.000 45 16 20 Y 24 (000s) Output Y Refer to the figure above, assuming it describes the Egyptian economy. An economic recession in Egypt the demand for exports from Turkey resulting in a reduction in Turkish autonomous expenditures and a output gap in Turkey. Select one: O a. increases; recessionary O b. reduces; expansionary O c. increases; expansionary O d. reduces; recessionary

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