Refer to the diagram, where T is tax revenues and G is government expenditures. All figures are in billions of dollars. If the full-employment GDP is $400 billion while the actual GDP is $300 billion, the cyclical deficit is:

A. $30 billion.

B. $20 billion.

C. $10 billion.

D. $50 billion.

C. $10 billion.

Economics

Refer to Table 2-9. What is Haley's opportunity cost of making a bracelet?

A) 3/4 of a bracelet B) 1 1/3 necklaces C) 2 necklaces D) 3 bracelets

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Economics

The Internet may reduce frictional unemployment because it __________

Fill in the blank(s) with correct word

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Economics