Within the framework of the Keynesian Cross model, if an economy is operating at a real GDP less than full-employment real GDP:
a. a recessionary gap exists
b. an inflationary gap exists
c. aggregate expenditures will rise
d. the general level of prices will rise
a
Economics
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Authors Ulrich and Dunne found that many of the ways that people react to work, employers, and coworkers are based on:
a. early childhood experiences b. school experiences with teachers c. language development d. first paid work experiences
Economics
If the demand of a good is inversely related to income, it must be
A) a bad good. B) an inferior good. C) a normal good. D) an everyday product.
Economics