3. In the figure below: 45 °(E-(Y-T )} Ep C+1 G menyale S+T S+T= LEAKAGES 'p+G= INJECTIONS oigmant y N YE a. What type of gap exists? (Circle one) Inflationary gap or GDP gap b. Draw in the shift in planned aggregate expenditures (E,) and total injections that would be necessary to restore equilibrium to YN.

3. In the figure below: 45 °(E-(Y-T )} Ep C+1 G menyale S+T S+T= LEAKAGES 'p+G= INJECTIONS oigmant y N YE a. What type of gap exists? (Circle one) Inflationary gap or GDP gap b. Draw in the shift in planned aggregate expenditures (E,) and total injections that would be necessary to restore equilibrium to YN.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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