This topic contains a solution. Click here to go to the answer

Author Question: The short run is a period of time during which: a. there is an expansionary gap that cannot be ... (Read 70 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
The short run is a period of time during which:
 a. there is an expansionary gap that cannot be corrected using the passive approach.
  b. actual output equals potential output.
 c. there is a recessionary gap that cannot be corrected through discretionary policy.
  d. resource buyers and sellers cannot adjust fully to changes in the price level.
 e. resource buyers and sellers can adjust fully to changes in the price level.

Question 2

When people exchange money for financial assets, the _____ rises.
 a. real GDP
 b. price level
 c. unemployment rate
  d. nominal GDP
 e. interest rate



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

d

Answer to Question 2

e




fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
Wow, this really help


Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

For a complete list of videos, visit our video library