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

Author Question: The GDP gap is the difference between: a. full-employment real GDP and real GDP chain price index. ... (Read 62 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
The GDP gap is the difference between:
 a. full-employment real GDP and real GDP chain price index.
  b. unemployment rate and real GDP chain price index.
  c. actual real GDP and full-employment real GDP.
  d. frictional unemployment and actual real GDP.

Question 2

If no fiscal policy changes are made, suppose the current aggregate demand curve will increase horizontally by 1,000 billion and cause inflation. If the marginal propensity to consume is 0.75, federal policymakers could follow Keynesian economics and restrain inflation by decreasing:
 a. government spending by 250 billion.
  b. taxes by 100 billion.
  c. taxes by 1,000 billion.
  d. government spending by 1,000 billion.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Wow, this really help

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

The relationship between free energy and electron movement along the electron transport chain The relationship between free energy and electron movement along the electron transport chain
Electron transport chain Electron transport chain
Diagram of the food chain Diagram of the food chain
The Glycemic Index of Commonly Eaten Foods The glycemic index of a variety of foods The Glycemic Index of Commonly Eaten Foods The glycemic index of a variety of foods
Employment Status of Food-Insecure Households Employment Status of Food-Insecure Households
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Oxygen - hemoglobin dissociation curve & Hemoglobin's affinity with oxygen - acidity

For a complete list of videos, visit our video library