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Author Question: Refer to Figure 12-2. If the U.S. economy is currently at pointN, which of the following ... (Read 159 times)

asd123

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Question 1

Figure 12-2











Refer to Figure 12-2. Suppose that the level of GDP associated with point N is potential GDP. If the U.S. economy is currently at point K,


◦ firms are operating above capacity.
◦ the economy is at full employment.
◦ the economy is in recession.
◦ the level of unemployment is equal to the natural rate.

Question 2

Figure 12-2











Refer to Figure 12-2.  If the U.S. economy is currently at point N, which of the following could cause it to move to point K?


◦ Households expect future income to rise.
◦ Household wealth falls.
◦ Firm's cash flows rise as profits rise.
◦ Government expenditures increase.


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Marked as best answer by asd123 on Mar 16, 2019

reversalruiz

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reversalruiz

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