When the expenditure level is above the full employment level of GDP, a possible consequence is
A) falling prices.
B) rising prices.
C) falling disposable income.
D) high levels of unemployment.
Correct Answer:
Verified
Q110: The recessionary gap is the
A)amount of unemployment
Q111: An expenditure schedule that lies below the
Q112: In a simple economy (no government), the
Q113: One of the possible consequences of the
Q114: Which one of the following could cause
Q116: The economy will reach equilibrium in a
Q117: Keynes focused on problems of
A)hyperinflation.
B)budget deficits.
C)trade deficits.
D)unemployment
Q118: One of the main conclusions of Keynes
Q119: If the expenditure schedule must be shifted
Q120: The inflationary gap is the
A)inflation rate that
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