Author Question: The recessionary gap is given by the difference between potential GDP and real GDP. a. True b. ... (Read 54 times)

rmenurse · **on:** Jun 30, 2018

The recessionary gap is given by the difference between potential GDP and real GDP.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following will not increase the demand for iced tea?
a. an increase in advertising that makes drinking iced tea more appealing
b. an increase in the price of iced coffee, a substitute product
c. an increase in the income of consumers (assume that iced tea is a normal good)
d. a decrease in the price of iced tea