Suppose the economy is initially operating at full employment. A reduction in the size of the budget deficit will cause which of the following in the long run?
A) a recessionary gap
B) a reduction in real GDP
C) an inflationary gap
D) none of the above
Question 2
Which of the following is a statement with positive economic analysis?
A) Lower wages increase employment and reduce the unemployment rate.
B) Slower money growth reduces inflation.
C) A reduction in the size of the budget deficit will reduce interest rates.
D) all of the above
Intussusception. The condition is caused by an infolding of the small intestine, which often causes
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Japan’s Economy and Society
Sample budget spreadsheet form for first year of business.
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Suppose a country imports televisions. The country's supply and demand curves are shown in ...