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Find shortage ore a surplus during a recession

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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 and a shortage occurs when AE & Y. Would there be a shortage ore a surplus during a recession? An inflationary period? What situation do you believe Canada is in right now? Provide support for your answer.

Reference no: EM132655360

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