Refer to the diagram. If the full-employment level of GDP is B and aggregate expenditures are AE 1 , the:
A. inflationary expenditure gap is BC.
B. recessionary expenditure gap is BC.
C. inflationary expenditure gap is zero.
D. inflationary expenditure gap is ei.
D. inflationary expenditure gap is ei.
Economics
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What are the two effects that explain the law of demand? Briefly explain each effect
What will be an ideal response?
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The emergence of English as the de facto world language ________ a comparative advantage in the production of books, movies and popular music.
A. has given all countries B. has given non-English-speaking countries C. has no effect on which country has D. has given English-speaking countries
Economics