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

Author Question: What is government failure? What will be an ideal response?[br][br][b][color=black]Question ... (Read 64 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
What is government failure?
 
  What will be an ideal response?

Question 2

What is the output gap? How does it change when the economy goes into recession?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

Government failure occurs when the government becomes the tool of the rent seeker and the allocation of resources is made even less efficient by the intervention of government.

Answer to Question 2

The output gap equals the difference between real GDP and potential GDP. When the economy goes into a recession, the output gap becomes negative.


B

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

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

Pathophysiology of heart failure Pathophysiology of heart failure
Question Question
Replication fork regression as a likely response to a blocking DNA lesion Replication fork regression as a likely response to a blocking DNA lesion
The Let-Down Response The Let-Down Response
economic question economic question
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library