The graph below shows the AD-AS diagram for the US.

What type of the GDP gap is observed in the US?

Hint

Box 1: Select the best answer

The graph below shows the AD-AS diagram for Canada.

What type of fiscal policy should the government of Canada be implementing to bring the economy to the long-run equilibrium?

Hint

Box 1: Select the best answer

The graph below shows the AD-AS diagram for Spain.

How big is the recessionary gap?

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

The graph below shows the AD-AS diagram for Slovenia.

Suppose that the government expenditure multiplier is equal to 8.

By how much should the government increase government expenditures (G) in order to close this recessionary gap?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

The graph below shows the AD-AS diagram for Mexico.

How big is the inflationary gap?

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

The graph below shows the AD-AS diagram for Brazil.

Suppose that the government expenditure multiplier is equal to 3.

By how much should the government decrease government expenditures (G) in order to close this inflationary gap?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity