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

Author Question: Which of the following is true when an economy is in long-run equilibrium? a. Actual output can ... (Read 97 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
Which of the following is true when an economy is in long-run equilibrium?
 a. Actual output can exceed potential output.
 b. Potential output can exceed actual output.
 c. Actual output must equal potential output.
 d. Real GDP must equal nominal GDP.
 e. Expected price level can exceed actual price level.

Question 2

The Fed can close a recessionary gap by:
 a. increasing fiscal expenditure.
 b. increasing taxes.
 c. decreasing taxes.
 d. selling U.S. government bonds.
  e. lowering the discount rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Koolkid240

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


jon_i

  • Member
  • Posts: 549
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

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.

Hydrostatic Equilibrium Hydrostatic Equilibrium
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
(B) Actual photo of fetus at week 9. (B) Actual photo of fetus at week 9.
The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum
Long bone formation Long bone formation
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library