Author Question: According to ________, when real GDP is ________ percentage points greater than potential GDP, the ... (Read 70 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
According to ________, when real GDP is ________ percentage points greater than potential GDP, the unemployment rate is one percentage point ________ the natural unemployment rate.
 
  A) Okun's Law; four; below
  B) Keynes' Law; two; below
  C) Phillip's Law; four; above
  D) Say's Law; two; above
  E) Okun's Law; two; below

Question 2

The figure above shows the loanable funds market. If the real interest rate is 10 percent, then
 
  A) there is a shortage in the loanable funds market.
  B) the government must intervene in order to prevent a credit crisis.
  C) the interest rate must increase.
  D) savers will exit the market because of the high opportunity cost of saving.
  E) there is a surplus in the loanable funds market.



huda

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

E

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

For a complete list of videos, visit our video library