Question

The amount by which an aggregate expenditures schedule must shift upward to achieve the full-employment real GDP is Multiple Choice negative net export gap. recessionary expenditure gap. inflationary expenditure gap. expenditure multiplier gap.

Answer 1

Answer:

recessionary expenditure gap.

Explanation:

Given that that recessionary gap is a term that describes a circumstance whereby the real GDP is lesser than the potential GDP at the full employment level.

Hence, to achieve the full-employment real GDP certain amount must be expended.

This amount is known as RECESSIONARY EXPENDITURE GAP and will ensure the aggregate expenditures schedule shift upward to achieve full employment real GDP