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Author Question: Microeconomics is the study of topics such as national production and unemployment. Indicate ... (Read 57 times)

jace

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on: Jun 29, 2018
Microeconomics is the study of topics such as national production and unemployment.
 
  Indicate whether the statement is true or false

Question 2

When real GDP exceeds potential GDP, then the economy has
 
  A) an inflationary gap.
  B) a below-full-employment equilibrium.
  C) a recessionary gap.
  D) None of the above answers are correct.


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abro1885

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


jace

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

amit

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Reply 3 on: Yesterday
Excellent

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