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Author Question: An above full-employment equilibrium is A) a theoretical possibility but cannot happen in ... (Read 37 times)

roselinechinyere27m

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on: Jun 29, 2018
An above full-employment equilibrium is
 
  A) a theoretical possibility but cannot happen in reality.
  B) the equilibrium in which the economy is in most of the time.
  C) when real GDP exceeds potential GDP.
  D) the period of time when prices are falling.

Question 2

In the table above, which of the following is TRUE?
 
  A) Jim and Sally have increasing marginal utility.
  B) Jim has increasing marginal utility and Sally has diminishing marginal utility.
  C) Jim has diminishing marginal utility and Sally has increasing marginal utility.
  D) Jim and Sally have diminishing marginal utility.


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mcni194

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


roselinechinyere27m

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kthug

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Reply 3 on: Yesterday
Wow, this really help

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