The diagram shows full employment, national income, and expenditure (AMD). The economy is in equilibrium at J . What does the distance KL represent?
A.
a deflationary gap
B.
a trade deficit
C.
an inflationary gap
D.
an employment gap
Exam No：9708_w24_qp_32 Year：2024 Question No：19
Answer:
A
Knowledge points:
4.3.1 definition of Aggregate Demand (AD)
4.3.5 causes of a shift in the AD curve
Solution:
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