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Mandolina Mandolina
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6 years ago
If the total expenditures function crosses the 45-degree line at an output less than the full employment output
A) the price level will tend to rise.
B) there will be a recessionary gap.
C) there will be an inflationary gap.
D) the MPS must be zero.
E) the MPC must be zero.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Mandolina Author
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#2
6 years ago
Wwow, couldn't thank you enough
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