Author Question: Using the data in the above table, in the short-run macroeconomic equilibrium, there is A) an ... (Read 62 times)

Garrulous · **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.