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

Author Question: U.S. imports and exports both fell during the first quarter of 2009. The value of these imports and ... (Read 83 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 29, 2018
U.S. imports and exports both fell during the first quarter of 2009. The value of these imports and exports would be reflected in the United States
 
  A) capital account. B) current account.
  C) exchange rate account. D) financial account.

Question 2

What is the relationship over the business cycle of potential GDP and real GDP?
 
  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

otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

The level of output that the economy would produce if it was at full employment is called potential GDP. However, the economy is not always at full employment. In a recession, employment is less than full employment and so real GDP is less than potential GDP. And, in an expansion, employment can exceed full employment so that real GDP exceeds potential GDP.


xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Government Corruption versus GDP per Capita, 2009 Government Corruption versus GDP per Capita, 2009
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Role of Productivity in Determining Growth, 1975–2009 Role of Productivity in Determining Growth, 1975–2009
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library