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Author Question: Actual GDP will be below potential GDP: a. when the economy is at full employment. b. during an ... (Read 81 times)

ETearle

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on: Jun 30, 2018
Actual GDP will be below potential GDP:
 a. when the economy is at full employment.
  b. during an economic boom.
  c. when resources are fully utilized.
  d. during a recession.

Question 2

If an inflationary boom exists, the appropriate fiscal policy is to:
 a. increase the budget deficit.
  b. increase government spending and hold taxes constant.
  c. decrease government spending and/or raise taxes.
  d. hold government spending constant and decrease taxes.


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CharlieArnold

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

d

Answer to Question 2

c


ETearle

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

alexanderhamilton

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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