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

Author Question: If a shock results in a positive output gap and the government's policy choice is to do nothing, (Read 134 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jan 2, 2020
If a shock results in a positive output gap and the government's policy choice is to do nothing,
◦ the price level will fall, the interest rate will fall, and output will rise, closing the gap.
◦ the government will immediately implement expansionary fiscal policy.
◦ it will be detrimental to the economy.
◦ the central bank will immediately increase the money supply and close the output gap.
◦ the economy will be prevented from returning to equilibrium.
Macroeconomics, Canadian Edition ¦ Williamson ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Chelseaamend on Jan 2, 2020

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jan 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Jan 2, 2020
Wow, this really help

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Gram Positive Testing Gram Positive Testing
I'm Positive! I'm Positive!
ICP vs Shock ICP vs Shock
The immune response results from activation of the humoral and cell-mediated immune systems The immune response results from activation of the humoral and cell-mediated immune systems
Control of Homeostasis: Positive Feedback Control of Homeostasis: Positive Feedback
Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code
Video: Brain Lobes Animation

For a complete list of videos, visit our video library