________: the situation where equilibrium GDP is greater than full employment output

Fill in the blank(s) with correct word

Inflationary gap

Economics

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If farm state legislators support the food-stamp program to aid the urban poor and urban state legislators in turn support farm subsidies, this is an example of:

A. the special-interest effect. B. political logrolling. C. the paradox of voting. D. cost-benefit analysis.

Economics

Consider the case of labor outsourcing and labor migration in tradeable goods markets with no barriers to trade.

A. In each country, labor outsourcing will result in the same wage changes as labor migration. B. In each country, labor outsourcing will result in the same employment level changes as labor migration. C. In each country, labor outsourcing will result in the same change in the demand for local public schools as labor migration. D. Both (a) and (b) E. Both (b) and (c) F. Both (a) and (c) G. All of the above. H. None of the above.

Economics