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Author Question: The LRAS curve is ____ with real output levels that ____. a. upward sloping; vary positively with ... (Read 43 times)

kwoodring

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on: Jun 30, 2018
The LRAS curve is ____ with real output levels that ____.
 a. upward sloping; vary positively with the price level
 b. upward sloping; vary negatively with the price level
 c. vertical; are equal to the natural level of real output at all price levels
 d. vertical; can be either greater than or less than the natural level of real output

Question 2

If the government wants to close a GDP gap, it should:
 a. borrow funds from the public by issuing bonds.
  b. lower taxes and raise government spending.
  c. lower government spending on social security.
  d. raise both direct and indirect tax rates.
  e. adopt contractionary fiscal policies to control inflation.


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mbcrismon

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

c

Answer to Question 2

b


kwoodring

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bigsis44

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Reply 3 on: Yesterday
Excellent

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