What is the effect of the level of total expenditures C+I+G+(X-IM) on output? Group of answer choices If consumption expenditures are so that the total expenditure schedule C+I+G+(X-IM) is below the 45 degree line at full employment, businesses increase investment to fill in the gap. If consumption expenditures are so that the total expenditure schedule C+I+G+(X-IM) is above the 45 degree line at full employment, the economy develops a recessionary gap. If consumption expenditures are so that the total expenditure schedule C+I+G+(X-IM) is below the 45 degree line at full employment, the economy develops an inflationary gap. If consumption expenditures are so that the total expenditure schedule C+I+G+(X-IM) is above the 45 degree line at full employment, the economy develops an inflationary gap