Define equilibrium gdp and full-employment gdp then compare


Define equilibrium GDP and full-employment GDP. Then compare recessionary expenditure gap and inflationary expenditure gap. How about the current U.S.national economy? Is it in the recessionary expenditure gap or inflationary expenditure gap? How you solve the expenditure gap if you are the policy-decision maker in the United States?

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Other Subject: Define equilibrium gdp and full-employment gdp then compare
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