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Refer to the accompanying table in answering the questions that follow: (1) Possible (2) (3) Levels Real Aggregate of Domestic Expenditures Employment, Output, (C + 19 + G), (Millions) (Billions) (Billions) a. If full employment in this economy is 170 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? Inationary expi v What will be the consequence of this gap? By how much would aggregate expenditures in column 3 have to change at each level of GDP to eliminate the inflationary expenditure gap or the recessionary expenditure gap? Aggregate expenditures would have to by $ billion. What is the multiplier in this example? b. Will there be an inflationary expenditure gap or a recessionary expenditure gap if the full-employment level of output is $400 billion? (Click to select) v By how much would aggregate expenditures in column 3 have to change at each level of GDP to eliminate the gap? Instructions: Enter only a whole number for your answer. Aggregate expenditures would have to (Click to select)v by $5 billion. What is the multiplier in this example? c. Assuming that investment, net exports, and government expenditures do not change with changes in real GDP, what are the sizes of the MPC, the MP5, and the multiplier? Instructions: Round your answers for MPG and MP5 below to one decimal place. Multiplier = |:|