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

Author Question: In the figure above, if there is no Ricardo-Barro effect, the government has a budget ________ ... (Read 127 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
In the figure above, if there is no Ricardo-Barro effect, the government has a budget ________ because the ________.
 
  A) surplus of 0.2 trillion; SLF curve lies to the right of the PSLF curve.
  B) deficit of 0.2 trillion; SLF curve lies to the right of the PSLF curve.
  C) deficit of 0.4 trillion; SLF curve shows a smaller quantity of LF than the PSLF curve.
  D) surplus of 0.4 trillion; SLF curve shows a larger quantity of LF than the PSLF curve.
  E) surplus of -0.2 trillion; SLF curve lies to the right of the PSLF curve.

Question 2

If the economy is at full employment, then the inflation rate
 
  A) is less than the expected inflation rate.
  B) is equal to zero.
  C) can be anywhere on a short-run Phillips curve.
  D) is equal to the expected inflation rate.
  E) exceeds the expected inflation rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

paavo

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Haya94

  • Member
  • Posts: 558
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
Effect of RYGB Surgery in Rats Effect of RYGB Surgery in Rats
A person with a defective "P" gene might only have it effect the Hair A person with a defective "P" gene might only have it effect the Hair
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
The Serial-Position Effect The Serial-Position Effect
Position effect, as illustrated in the eye phenotype in two female Drosophila Position effect, as illustrated in the eye phenotype in two female Drosophila
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library