Author Question: An inflationary gap means that the level of real GDP at the short-run macroeconomic equilibrium ... (Read 75 times)

K@ · **on:** Jun 29, 2018

An inflationary gap means that the level of real GDP at the short-run macroeconomic equilibrium

A) is less than full-employment GDP.
B) equals full-employment GDP.
C) is more than full-employment GDP.
D) may be less than, more than, or the same as full-employment GDP depending on the level of potential GDP.

Question 2

The above table shows some of the balance of payments accounts for Urland. What is Urland's balance on the capital and financial account?

A) -146 billion
B) -183 billion
C) -99 billion
D) 142 billion