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Author Question: An economy is at full employment. Which of the following events can create a recessionary gap? A) ... (Read 104 times)

anjilletteb

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on: Jun 29, 2018
An economy is at full employment. Which of the following events can create a recessionary gap?
 
  A) an increase in foreign income
  B) an increase in taxes
  C) a decrease in the quantity of capital
  D) a decrease in money wages

Question 2

If the current account has a positive balance of 100 and the capital and financial account has a negative balance of 90, there will be ________ in official reserves of ________.
 
  A) a decrease; 10
  B) an increase; 10
  C) an increase; 190
  D) a decrease; 190


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coreycathey

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

B

Answer to Question 2

B


anjilletteb

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Animal_Goddess

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Reply 3 on: Yesterday
Excellent

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