loader  Loading... Please wait...

Question(s) / Instruction(s):

A recessionary expenditure gap exists if:

  1. Planned investment exceeds saving at the full-employment GDP.
  2. The aggregate expenditures schedule lies below the 45-degree line at the full-employment GDP.
  3. The aggregate expenditures schedule intersects the 45-degree line at any level of GDP.
  4. The aggregate expenditures schedule lies above the 45-degree line at the full-employment GDP.

 

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494