A recessionary gap is the amount that autonomous aggregate expenditures must rise to cause the equilibrium level of real GDP to shift to the full-employment level of real GDP
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Inventory investment can be:
A. zero only. B. negative, zero, or positive. C. negative only. D. positive only.
Economics
Refer to Table 20-11. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?
A) 40.08 B) 100 C) 180 D) 208
Economics