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Author Question: When there is a recessionary gap: a. Unemployment exceeds the natural rate of unemployment. b. ... (Read 62 times)

Frost2351

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on: Jun 30, 2018
When there is a recessionary gap:
 a. Unemployment exceeds the natural rate of unemployment.
  b. Unemployment equals the natural rate of unemployment.
 c. Unemployment is less than the natural rate of unemployment.
  d. Any of the above is possible.

Question 2

If consumers spend _____ of a change in their disposable income, then a tax increase of 100 would lower consumption by 70.
 a. 35 percent
  b. 100 percent
  c. 80 percent
  d. 70 percent
  e. 50 percent


C.mcnichol98

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  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


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