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

Author Question: What does the GDP gap measure?[br][br][b][color=#165FFA]Question 2[/color][/b][br][br]Unemployment ... (Read 53 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
What does the GDP gap measure?

Question 2

Unemployment insurance payments act as automatic stabilizers by:
 a. allowing for more consumer spending during prosperity.
  b. making the unemployment rate worse during a recession.
  c. allowing for more consumer spending during a recession.
  d. changing the Phillips curve to a Laffer curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nekcihc358

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

The GDP gap = potential real GDP  actual real GDP. It measures the loss of potential output associated with unemployment which can never be realized (it measures the economic cost of unemployment).

Answer to Question 2

b


jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
:D TYSM

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Question Above Question Above
Performing a Spirometry Test to Measure Forced Vital Capacity Performing a Spirometry Test to Measure Forced Vital Capacity
Using a goniometer to measure joint ROM. Using a goniometer to measure joint ROM.
economic question economic question
Math question Math question
Genetic complementation analysis of Drosophila eye color mutants Genetic complementation analysis of Drosophila eye color mutants
Video: Central Nervous System Animation

For a complete list of videos, visit our video library