This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Using the data in the above table, in the short-run macroeconomic equilibrium, there is A) an ... (Read 39 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jun 29, 2018
Using the data in the above table, in the short-run macroeconomic equilibrium, there is
 
  A) an inflationary gap of 1 trillion.
  B) an inflationary gap of 2 trillion.
  C) a recessionary gap of 1 trillion.
  D) a recessionary gap of 2 trillion.

Question 2

Using the data in the above table, if saving equals 650 billion and exports are greater than imports,
 
  A) the government sector must run a deficit.
  B) net taxes will be greater than 1300 billion.
  C) net taxes will be less than 650 billion.
  D) government expenditures must increase.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jun 29, 2018
Wow, this really help

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Cellular changes associated with short-term and long-term memory in the sea slug. Cellular changes associated with short-term and long-term memory in the sea slug.
Periodic Table Periodic Table
Wheelchair Transfer to a Chair or Examination Table Wheelchair Transfer to a Chair or Examination Table
Apply effleurage and direct pressure on attachments of pectoralis minor. Lift one arm off the table ... Apply effleurage and direct pressure on attachments of pectoralis minor. Lift one arm off the table ...
Basic Marketing Research: Using Microsoft Excel Data Analysis Basic Marketing Research: Using Microsoft Excel Data Analysis
8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ... 8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ...
Video: Epinephrine/NE (heart rate, altered blood flow, glycogenolysis & bronchodilation)

For a complete list of videos, visit our video library