Multiple Choice
If the economy is currently in a recessionary gap,
A) all economists will agree that the economy can remove itself from the recessionary gap without government intervention.
B) some economists will argue that the economy can remove itself from the recessionary gap without government intervention.
C) no economist will state that the economy can remove itself from the recessionary gap without government intervention.
D) all economists will agree that over time the recessionary gap will worsen.
Correct Answer:

Verified
Correct Answer:
Verified
Q147: The structural unemployment rate is 1.7 percent,the
Q148: Describe how Say's law can hold in
Q149: Which of the following statements is true?<br>A)
Q150: For saving to increase,consumption must decrease,ceteris paribus.
Q151: According to Say's law,there can be<br>A) neither
Q153: The long-run aggregate supply (LRAS)curve is<br>A) horizontal.<br>B)
Q154: According to the classical economists,which of the
Q155: Suppose the AD curve and the SRAS
Q156: A recessionary gap exists if (actual)Real GDP
Q157: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit