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Author Question: A recessionary gap: a. is of little consequence in a capitalist economy. b. represents actual ... (Read 97 times)

Tazate

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on: Jun 30, 2018
A recessionary gap:
 a. is of little consequence in a capitalist economy.
  b. represents actual physical output lost.
  c. implies an equilibrium level of output less than the full-employment level.
  d. is associated with rising labor prices.
  e. will automatically close, according to the Keynesian model.

Question 2

By functioning as a unit of account, money provides a common measurement of the relative value of goods and services.
 a. True
  b. False
  Indicate whether the statement is true or false


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hramirez205

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


Tazate

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

alexanderhamilton

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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