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Author Question: In a small country, the effect of a given change in government spending A) on output is large and ... (Read 67 times)

neverstopbelieb

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In a small country, the effect of a given change in government spending
 
  A) on output is large and the effect on the trade balance is small.
  B) on output is large and the effect on the trade balance is large.
  C) on output is small and the effect on the trade balance is small.
  D) on output is small and the effect on the trade balance is large.

Question 2

Okun's law shows that when the unemployment rate is below the natural rate,
 
  A) inflation is higher than expected.
  B) inflation is lower than expected.
  C) output is below potential.
  D) output is above potential.



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bd5255

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Answer to Question 1

D

Answer to Question 2

D




neverstopbelieb

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


kjohnson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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