Refer to the table below in answering the questions which follow:
![1308_inflationary expenditure gap or recessionary expenditure gap.png](https://secure.tutorsglobe.com/CMSImages/1308_inflationary%20expenditure%20gap%20or%20recessionary%20expenditure%20gap.png)
Will there be recessionary expenditure gap or inflationary expenditure gap if the full-employment level of output is $500 billion? Describe the consequences. By how much aggregate expenditure in column 3 ought to change at each level of GDP to remove the gap? Explain. Illustrates the multiplier in this example?