Which of the following statements is correct?
A. Excess AD is a dollar amount equal to DE.
B. The GDP gap is equal to Q1 minus Q2.
C. The desired fiscal restraint is a dollar amount equal to DE divided by the multiplier.
D. All of the above.
Answer:D
Which of the following statements is correct?
A. Excess AD is a dollar amount equal to DE. B. The GDP gap is equal to Q1 minus Q2. C. The desired fiscal restraint is a dollar amount equal to DE divided by the multiplier. D. All of the above.