a b c Complete Table 92 Data are expressed in billions of do

a.

b.

c.

Complete Table 9.2. (Data are expressed in billions of dollars.) Full Employment Consumers Investors Desire Total Private to SpendS Spending Total Saving $500 600 700 800 $300 375 450 525 $250 250 250 250 Table 9.2 If the full-employment level of income (YA in Table 9.2 is $800 billion, 0 There is a recessionary gap of $25 billion 0 There is an inflationary gap of $250 billion O The economy is in equilibrium O There is a recessionary gap of $275 billion

Solution

a. The correct answer is A.

b. The corect answer is D.

c. The correct answer is B.