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

Author Question: The GDP gap is the difference between: a. full-employment real GDP and real GDP chain price index. ... (Read 20 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
The GDP gap is the difference between:
 a. full-employment real GDP and real GDP chain price index.
  b. unemployment rate and real GDP chain price index.
  c. actual real GDP and full-employment real GDP.
  d. frictional unemployment and actual real GDP.

Question 2

If no fiscal policy changes are made, suppose the current aggregate demand curve will increase horizontally by 1,000 billion and cause inflation. If the marginal propensity to consume is 0.75, federal policymakers could follow Keynesian economics and restrain inflation by decreasing:
 a. government spending by 250 billion.
  b. taxes by 100 billion.
  c. taxes by 1,000 billion.
  d. government spending by 1,000 billion.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Palpation of Lymph Nodes, Anterior Cervical Chain Palpation of Lymph Nodes, Anterior Cervical Chain
Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra
Example of an online employment application and posting of a résumé. Example of an online employment application and posting of a résumé.
Calculation of body mass index. To determine your BMI, find the value for your height on the left ... Calculation of body mass index. To determine your BMI, find the value for your height on the left ...
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
How to use the discriminant to determine the value of k in a quadratic with no real roots How to use the discriminant to determine the value of k in a quadratic with no real roots
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library