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

Author Question: A recessionary gap: a. is of little consequence in a capitalist economy. b. represents actual ... (Read 71 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hramirez205

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


Tazate

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Many thought ideological politics was over in the United States, but 2012 showed strong ideological Many thought ideological politics was over in the United States, but 2012 showed strong ideological
Richard Rodriguez represents millions of immigrants—not just those of Latino origin but those from ... Richard Rodriguez represents millions of immigrants—not just those of Latino origin but those from ...
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
Japan’s Economy and Society Japan’s Economy and Society
Effects of Retrieval Practice on Predicted and Actual Memory Performance Effects of Retrieval Practice on Predicted and Actual Memory Performance
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library