Multiple Choice
Government stabilization policy would be unnecessary if the economy automatically gravitated toward
A) full inflation.
B) full employment.
C) full recession.
D) an inflationary gap.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q162: A given income-expenditure diagram always assumes a
Q163: A recessionary gap occurs when<br>A)the price level
Q164: A change in the price level will
Q165: If we observe that every increase in
Q166: A major Internet service provider decides to
Q168: Savings and taxes are considered leakages in
Q169: In the real world, the actual multiplier
Q170: According to Baumol and Blinder, from the
Q171: An expenditure schedule that lies below the
Q172: The multiplier principle explains how<br>A)any change in