Author Question: According to ________, when real GDP is ________ percentage points greater than potential GDP, the ... (Read 78 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?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library