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

Author Question: Which of the following statements about the GDP gap is not true? a. It widens during recessions and ... (Read 105 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 30, 2018
Which of the following statements about the GDP gap is not true?
 a. It widens during recessions and narrows down during expansions.
  b. When an economy's GDP gap equals zero, it operates on its production possibilities curve.
  c. It is a measure of output lost as a result of unemployment.
  d. There are more goods and services available in an economy as its GDP gap widens.
  e. It is equal to potential real GDP minus actual real GDP.

Question 2

Microeconomics is the branch of economics in which you study inflation and unemployment in the economy.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pocatato

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
True Forget-Me-Not True Forget-Me-Not
True Friendship True Friendship
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library