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Author Question: Microeconomics is the study of topics such as national production and unemployment. Indicate ... (Read 94 times)

jace

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Microeconomics is the study of topics such as national production and unemployment.
 
  Indicate whether the statement is true or false

Question 2

When real GDP exceeds potential GDP, then the economy has
 
  A) an inflationary gap.
  B) a below-full-employment equilibrium.
  C) a recessionary gap.
  D) None of the above answers are correct.



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abro1885

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Answer to Question 1

FALSE

Answer to Question 2

A




jace

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


raenoj

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Reply 3 on: Yesterday
Excellent

 

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