When total injections are less than total withdrawals at full- employment national income there is said to be:
A) a hysteresis effect
B) a deflationary gap
C) a paradox of thrift
D) an inflationary gap
Correct Answer:
Verified
Q7: When the aggregate expenditure curve is above
Q8: If an economy's MPC is 0.7, then
Q9: Which of the following is NOT a
Q10: Structural unemployment is the:
A) unemployment that results
Q11: If an economy's MPC is 0.8, then
Q13: The tendency for investment to increase when
Q14: A positive output gap is more likely
Q15: If the MPW is 0.4, the MPC
Q16: An inflationary gap occurs when:
A) when prices
Q17: A man is sacked from his job
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