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 68 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
:D TYSM

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

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

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
How to convert verbal statements into algebraic equations (Part 4) How to convert verbal statements into algebraic equations (Part 4)
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library