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

Author Question: If a shock results in a positive output gap and the government's policy choice is to do nothing, (Read 125 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jan 2, 2020
If a shock results in a positive output gap and the government's policy choice is to do nothing,
◦ the price level will fall, the interest rate will fall, and output will rise, closing the gap.
◦ the government will immediately implement expansionary fiscal policy.
◦ it will be detrimental to the economy.
◦ the central bank will immediately increase the money supply and close the output gap.
◦ the economy will be prevented from returning to equilibrium.
Macroeconomics, Canadian Edition ¦ Williamson ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Chelseaamend on Jan 2, 2020

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jan 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Jan 2, 2020
YES! Correct, THANKS for helping me on my review

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

(A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive (A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive
Results are shown for proteins denatured by two different environmental changes Results are shown for proteins denatured by two different environmental changes
The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium. The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium.
Positive and negative selection during T-cell development. Positive and negative selection during T-cell development.
Types of Shock Types of Shock
Results of one round of replication of DNA Results of one round of replication of DNA
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library