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Author Question: When there is a recessionary gap: a. Real output exceeds the natural level of real output. b. Real ... (Read 127 times)

dollx

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on: Jun 30, 2018
When there is a recessionary gap:
 a. Real output exceeds the natural level of real output.
  b. Real output equals the natural level of real output.
 c. Real output is less than the natural level of real output.
  d. Any of the above is possible.

Question 2

The emphasis on the greater incentives to produce, created by lower taxes, has come to be known as:
 a. the trickle-down economics.
  b. the supply-side economics.
  c. the paradox of thrift.
  d. the permanent income hypothesis.
  e. monetarism.


aburgess

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


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