Author Question: An economy that self-corrects a recessionary gap will experience falling nominal wages, rising real ... (Read 21 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
An economy that self-corrects a recessionary gap will experience falling nominal wages, rising real wages, and falling output.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Both those who favor an active approach as well as those who favor a passive approach to policy believe that the economy can suffer from extreme and long-lasting swings in real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false



carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

False

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

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?

In 1864, the first barbiturate (barbituric acid) was synthesized.

For a complete list of videos, visit our video library