Multiple Choice
If the economy in the short run is experiencing a recessionary gap,we are likely to see
A) severe and widespread labour shortages.
B) quickly rising output prices.
C) an increase in the number of workers receiving employment-insurance benefits.
D) the number of employment-insurance recipients the lowest ever.
E) consumers optimistic about the future.
Correct Answer:

Verified
Correct Answer:
Verified
Q115: Which of the following is an important
Q116: An inflationary output gap implies that<br>A)the demand
Q117: Automatic fiscal stabilizers are most helpful in<br>A)making
Q118: In the basic AD/AS macro model,the "paradox
Q119: The diagram below shows an AD/AS model
Q121: Suppose the economy is initially in a
Q122: What is the focus of study in
Q123: Which of the following is occurring when
Q124: What is sometimes called the "long-run aggregate
Q125: "Automatic fiscal stabilization" in the economy refers