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Author Question: The recessionary gap is given by the difference between potential GDP and real GDP. a. True b. ... (Read 31 times)

rmenurse

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on: Jun 30, 2018
The recessionary gap is given by the difference between potential GDP and real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following will not increase the demand for iced tea?
 a. an increase in advertising that makes drinking iced tea more appealing
 b. an increase in the price of iced coffee, a substitute product
 c. an increase in the income of consumers (assume that iced tea is a normal good)
  d. a decrease in the price of iced tea


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SVictor

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

False

Answer to Question 2

d


rmenurse

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ttt030911

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Reply 3 on: Yesterday
:D TYSM

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