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Author Question: In a small country, the effect of a given change in government spending A) on output is large and ... (Read 66 times)

neverstopbelieb

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on: Jun 30, 2018
In a small country, the effect of a given change in government spending
 
  A) on output is large and the effect on the trade balance is small.
  B) on output is large and the effect on the trade balance is large.
  C) on output is small and the effect on the trade balance is small.
  D) on output is small and the effect on the trade balance is large.

Question 2

Okun's law shows that when the unemployment rate is below the natural rate,
 
  A) inflation is higher than expected.
  B) inflation is lower than expected.
  C) output is below potential.
  D) output is above potential.


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bd5255

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

D

Answer to Question 2

D


neverstopbelieb

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

scikid

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Reply 3 on: Yesterday
Excellent

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