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PAE YPE PAE6,000.76 PAE5,000 754 PAE 4.000 75 8,000 5.000 4.000 18 20 2400s Outpot Y Refer to the figure above. If planned aggregate expenditure

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PAE YPE PAE6,000.76 PAE5,000 754 PAE 4.000 75 8,000 5.000 4.000 18 20 2400s Outpot Y Refer to the figure above. If planned aggregate expenditure (PAE) in an economy equals 2,000 + BY and potential output (Y) equals 9,000, then this economy has: Select one: O a. no autonomous expenditure. b. an expansionary gap. Oc. no output gap d. a recessionary gap. Because laundromat prices can change infrequently, the prices are considered Select one: O a, auction prices. O b. inflexible prices. c. flexible prices O d. irrational prices

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