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Author Question: In a large country, the effect of a given change in government spending A) on output is large and ... (Read 83 times)

jessicacav

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on: Jun 30, 2018
In a large 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 above 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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daiying98

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

A

Answer to Question 2

C


jessicacav

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Reply 2 on: Jun 30, 2018
:D TYSM

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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