This topic contains a solution. Click here to go to the answer

Author Question: Suppose the economy has a high level of unemployment. This would imply A) that the economy is ... (Read 56 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
Suppose the economy has a high level of unemployment. This would imply
 
  A) that the economy is operating on the SRAS curve and that government spending could be decreased to reduce unemployment.
  B) that the government should engage in expansionary fiscal policy and increase the tax rate.
  C) that fiscal policy has been ineffective and should be abandoned.
  D) that the economy is operating to the left of the LRAS curve and that government spending could be increased to reduce unemployment.

Question 2

Refer to the above figure. If real disposable income is less than 5,000, then saving is
 
  A) negative.
  B) 0.
  C) positive.
  D) none of the above: cannot be determined with the given information.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

D

Answer to Question 2

A




brutforce

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

For a complete list of videos, visit our video library