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Author Question: A recessionary gap means that the level of real GDP at the short-run macroeconomic equilibrium A) ... (Read 32 times)

audie

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on: Jun 29, 2018
A recessionary 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

In the above table, the efficient quantity of brownies is produced when the price of a brownie is equal to
 
  A) 0.
  B) 40.
  C) 60.
  D) 80.


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smrtceo

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

A

Answer to Question 2

C


audie

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Reply 2 on: Jun 29, 2018
Gracias!

amcvicar

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Reply 3 on: Yesterday
Excellent

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