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tester [92]
2 years ago
6

If full employment in this economy is 150 million, will there be an inflationary expenditure gap or a recessionary expenditure g

ap?
Business
1 answer:
JulijaS [17]2 years ago
3 0

According to question, there be an inflationary expenditure gap or a recessionary expenditure gap of between 4.2 % .

<h3>Recessionary expenditure gap ?</h3>

A recessionary gap, also known as a contractionary gap, is the discrepancy between actual and prospective production in an economy. Gross domestic product (GDP), a measure of an economy's output used to compare annual growth between nations, is calculated for each country. A slowdown in economic activity that lowers a country's GDP is known as a recession. A contractionary gap in the business cycle occurs when an economy is not operating at equilibrium or at its maximum level of production.

GDP swings are referred to as the business cycle. There are four phases: the trough, growth (or recovery), the peak, and the recession. The low point of the business cycle is during trough times. When production is low and unemployment is high, this happens.

To know more about Recessionary expenditure gap visit :

brainly.com/question/15073675

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Answer:

Explanation:

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4 0
3 years ago
Which is the difference between static storage systems and dynamic storage systems
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In a static storage area each product is assigned a specific area, whereas in dynamic storage, product locations and fluid and as such are subject to change.

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3 years ago
Frank, the CEO of an American production company, negotiated an opportunity with a television provider in India. After the negot
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Answer:

The contract would be described as <em>International Contract.</em>

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8 0
3 years ago
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6 0
3 years ago
If the government wants to minimize the deadweight loss of taxation, which of the following items are good candidates for an exc
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