We have an inflationary gap when
A) equilibrium GDP is greater than full employment GDP.
B) full employment GDP is greater than equilibrium GDP.
C) equilibrium GDP is equal to full employment GDP.
D) None of the choices are correct.
Correct Answer:
Verified
Q8: Statement I: The federal budget deficit more
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
Q14: If full employment GDP is $500 billion
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
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