If full employment GDP is $500 billion greater than equilibrium GDP and the multiplier is 5,there is a recessionary gap
A) of $50 billion.
B) of $100 billion.
C) of $200 billion.
D) of $500 billion.
E) that is impossible to find.
Correct Answer:
Verified
Q9: Most economists would agree that the national
Q10: If full employment GDP is $1 trillion
Q11: Budget deficits are appropriate during
A)recessions,but not inflations.
B)inflations,but
Q12: Over the last four decades we have
Q13: We have an inflationary gap when
A)equilibrium GDP
Q15: The national debt passed the $2 trillion
Q16: Which statement is true about fiscal policy?
A)There
Q17: If equilibrium GDP is $500 billion greater
Q18: If we passed a constitutional amendment requiring
Q19: There is a recessionary gap when
A)equilibrium GDP
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