This topic contains a solution. Click here to go to the answer

Author Question: One lesson of the Great Depression was that potential GDP could _____. a. be too low to ensure full ... (Read 18 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
One lesson of the Great Depression was that potential GDP could _____.
 a. be too low to ensure full employment if the population was growing
  b. be too low to ensure full employment in a capitalist economy
 c. be too low to ensure full employment in a market economy
 d. fall short of full-employment GDP
 e. exceed equilibrium GDP

Question 2

Which of the following is true of leakages and injections in the circular flow model?
 a. Leakages minus injections equal gross domestic product (GDP).
 b. Injections minus leakages equal gross domestic product (GDP).
 c. Leakages minus injections equal zero in equilibrium.
 d. Leakages must be less than injections for an economy to be in equilibrium.
  e. Leakages must be greater than injections for an economy to be growing.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

braelync

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

e

Answer to Question 2

c




Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jun 30, 2018
Gracias!


nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

For a complete list of videos, visit our video library