Multiple Choice
The recessionary GDP gap is
A) Equal to the spending multiplier.
B) The amount by which equilibrium GDP falls short of full-employment GDP.
C) Small unless the unemployment rate is very low.
D) Reduced by shifting aggregate demand to the left.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following is not true
Q2: Automatic stabilizers include<br>A)Open market operations.<br>B)Unemployment benefits.<br>C)Deregulation.<br>D)Discretionary tax
Q3: Fiscal policy includes all of the following
Q4: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q6: Which of the following groups believes that
Q7: It is not possible to have a
Q8: A supply-side policy to cure a recession
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q10: A supply-side policy to cure stagflation would
Q11: Information about the leading economic indicators is