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Author Question: When the economy is at an above full-employment equilibrium, ________. A) nominal GDP exceeds ... (Read 56 times)

WhattoUnderstand

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on: Jun 29, 2018
When the economy is at an above full-employment equilibrium, ________.
 
  A) nominal GDP exceeds real GDP
  B) an inflationary gap exists
  C) a recessionary gap exists
  D) real GDP is less than potential GDP

Question 2

In the figure above, which movement could be the result of the development of a new, more efficient refining technology?
 
  A) point a to point e
  B) point a to point b
  C) point a to point c
  D) point a to point d


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xoxo123

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

B

Answer to Question 2

B


WhattoUnderstand

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

tranoy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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