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Author Question: The short run is a period of time during which: a. there is an expansionary gap that cannot be ... (Read 61 times)

fnuegbu

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on: Jun 30, 2018
The short run is a period of time during which:
 a. there is an expansionary gap that cannot be corrected using the passive approach.
  b. actual output equals potential output.
 c. there is a recessionary gap that cannot be corrected through discretionary policy.
  d. resource buyers and sellers cannot adjust fully to changes in the price level.
 e. resource buyers and sellers can adjust fully to changes in the price level.

Question 2

When people exchange money for financial assets, the _____ rises.
 a. real GDP
 b. price level
 c. unemployment rate
  d. nominal GDP
 e. interest rate


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jessicaduplan

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

d

Answer to Question 2

e


fnuegbu

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Reply 2 on: Jun 30, 2018
Excellent

jordangronback

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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