Use the following information to answer the next question.   C = A + .75(Y – T)   A = $900   I = $600   G = $400   T = $400   NX = -$200   If the full-employment level of real GDP is $6,000, at the equilibrium level of real GDP, there is ________.   Multiple Choice an inflationary output gap of $100 a recessionary expenditure gap of $400 an inflationary output gap of $400 a recessionary expenditure gap of $100

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A: The Marginal Propensity to Consume (MPC) represents the fraction of an additional unit of income…

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Q: Suppose real GDP is at 1,500, which of these will occur? Planned $4,000 Supply 45-degree line…

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A: Answer to the question is as follows :

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Q: supply-side economics

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Q: (trillions of dollars) 45 AE Real GDP, Y (trillions of dollars) (aggregate income-aggregate output)

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