Refer to the diagram. If the full-employment level of GDP is ( B ) and aggregate expenditures are at ( A E ), the inflationary expenditure gap is zero. inflationary expenditure gap is ( B C ). recessionary expenditure gap is ( B C ). inflationary expenditure gap is ei. solutionspile.com

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Refer to the diagram. If the full-employment level of GDP is  ( B  ) and aggregate expenditures are at  ( A E  ), the  inflationary expenditure gap is zero. inflationary expenditure gap is  ( B C  ). recessionary expenditure gap is  ( B C  ). inflationary expenditure gap is ei. solutionspile.com

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