The inflationary gap is the
a. inflation rate that will occur from excess aggregate demand.
b. budget deficit that caused the inflation to occur.
c. distance between the equilibrium level of output and the full employment level of output.
d. gap between expected and actual inflation.
c
Economics
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Which of the following is NOT a characteristic or focus of microeconomics?
A) individual consumers. B) analysis of aggregate economic variables C) firm behavior D) individual markets
Economics
Each of the following was an effect of cheap or free land during the 19th century except
A. a high birth rate. B. a high rate of immigration. C. a rapid rate of technological development. D. a high rate of migration from the farms to the cities.
Economics