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Author Question: In the above figure, if the economy is at point A, which of the following is TRUE? A) There is a ... (Read 55 times)

savannahhooper

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on: Jun 29, 2018
In the above figure, if the economy is at point A, which of the following is TRUE?
 
  A) There is a recessionary gap.
  B) There is an inflationary gap.
  C) Point A is the long-run equilibrium point.
  D) None of the above answers are correct.

Question 2

If a country lends more to foreign countries than it borrows from foreign countries in a year, then definitely during that year
 
  A) it has a current account deficit.
  B) it is a creditor nation.
  C) it is a debtor nation.
  D) it is a net lender.


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AaaA

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


savannahhooper

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Reply 2 on: Jun 29, 2018
Excellent

robbielu01

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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