When there is excess aggregate demand in the economy,
A) Desired fiscal restraint equals the AD excess divided by the multiplier.
B) The GDP gap is positive.
C) Full-employment output is higher than equilibrium output.
D) Full-employment output is less than equilibrium output.
Correct Answer:
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Q62: If the desired fiscal restraint is $80
Q63: If AD excess equals $40 billion and
Q64: The desired fiscal restraint is equal to
A)Excess
Q65: Fiscal restraint is defined as
A)Tax hikes or
Q66: The statement "balancing the budget on the
Q68: If the MPC is 0.80 and the
Q69: Which of the following is a policy
Q70: Ceteris paribus,which of the following is true
Q71: Which of the following would not be
Q72: If the MPC is 0.75,a $200 million
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