Question: AE (aggregate expenditures) are an estimation of how much stuff is purchased. Income (Y) is an estimation of how much stuff is made. Expenditure equilibrium

AE (aggregate expenditures) are an estimation of how much stuff is purchased. Income (Y) is an estimation of how much stuff is made. Expenditure equilibrium is when AE=Y. A surplus occurs when AE Y. Would there be a shortage or a surplus during a recession? During an inflationary period? What situation do you believe Canada is in right now? Provide support for your answer. You must start a thread before you can read and reply to other threads

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