When the expenditure schedule is too low, the result is a(n)
A. unemployment surplus.
B. inflationary gap.
C. recessionary gap.
D. budgetary gap.
Answer: C
Economics
You might also like to view...
A ________ is the price at which a trading partner is indifferent between making the trade and not doing so
A) market value B) reservation value C) shadow value D) discounted value
Economics
What is the maximum a monopolist would be willing to spend on rent-seeking behavior?
What will be an ideal response?
Economics