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Author Question: An economy that self-corrects a recessionary gap will experience falling nominal wages, rising real ... (Read 82 times)

Brittanyd9008

  • Hero Member
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  • Posts: 500
on: Jun 30, 2018
An economy that self-corrects a recessionary gap will experience falling nominal wages, rising real wages, and falling output.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Both those who favor an active approach as well as those who favor a passive approach to policy believe that the economy can suffer from extreme and long-lasting swings in real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false


carolinefletcherr

  • Sr. Member
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  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


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