Question: Help PAEI Y = PAE PAE = 6,000 + 75Y PAE - 8,000 + 75Y PAE - 4,000 75Y 6.000 5.000 4.000 45 24 (ooos)

Help PAEI Y = PAE PAE = 6,000 + 75Y PAE

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PAEI Y = PAE PAE = 6,000 + 75Y PAE - 8,000 + 75Y PAE - 4,000 75Y 6.000 5.000 4.000 45 24 (ooos) Output Y 16 20 Y Refer to the figure above. If planned aggregate expenditure (PAE) in an economy equals 2,000 + .8Y and potential output (Y*) equals 11,000, then this economy has: Select one: O a. no output gap. O b. an expansionary gap. O c. a recessionary gap. O d. no autonomous expenditure

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