This topic contains a solution. Click here to go to the answer

Author Question: Using the data in the above table, in the short-run macroeconomic equilibrium, there is A) an ... (Read 100 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
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
Answer to Question 1

A

Answer to Question 2

B




Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jun 29, 2018
Excellent


bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

For a complete list of videos, visit our video library