When the economy is already at relatively high levels of ...

[torybrooks]

When the economy is already at relatively high levels of employment, if policy makers try to further reduce the unemployment levels through expansionary policies, what will be the likely result?

Question 2

In the last two decades, income inequality has increased in China.
 a. True
  b. False
  Indicate whether the statement is true or false

[Silverbeard98]

Answer to Question 1

Further stimulating fiscal or monetary policy would just increase inflation and would likely not have much impact at lowering the unemployment rate further.

Answer to Question 2

True

[torybrooks]

Excellent

[nanny]

Thanks for the timely response, appreciate it