In the real world, countries use a mixture of the three basic ...

[laurencescou]

In the real world, countries use a mixture of the three basic types of economic systems.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A recessionary gap can be defined as:
 a. an economy that is operating above its full-employment capacity.
  b. an economy that is operating at full-employment capacity.
  c. the amount by which aggregate expenditures exceeds the aggregate expenditures level needed to generate equilibrium real GDP at full employment without inflation
  d. the amount by which aggregate expenditures falls short of the level needed to generate equilibrium real GDP at full employment without inflation.
  e. the easiest way out of a depression.

[flannelavenger]

Answer to Question 1

True

Answer to Question 2

d