The following graph C+G+X represents a partial Keynesian economy ($ trillion).

The following graph C+G+X represents a partial Keynesian economy ($ trillion). Keynes Graph 11 45 10 9 Planned Expenditure ($Trillion) 00 u O C+G+X NWA 0 O 1 2 3 4 5 6 7 8 9 10 11 GDP ($Trillion) If in this economy 1=3.0, answer the following questions: What is the equilibrium GDP (GDPe) 04 06 08 010 The expenditure multiplier is 02.5 O2.0 01.5 01.0 If full employment GDP (GDP ) = 8 what type of gap is the economy experiencing? Orecessionary Ostationary Oinflationary Alberta Advantage To eliminate the gap above, government expenditures (G) must Odecrease by 1.0 Odecrease by 0.5 Oincrease by 0.5 Oincrease by 1.0