When more labor is unemployed than the amount at the natural unemployment rate, then real GDP ________ potential GDP
A) is equal to
B) is less than
C) is greater than
D) cannot be compared to
B
Economics
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The Federal Depository Insurance Corporation (FDIC) has the power to close a bank when
A) the bank's net worth falls below a certain level. B) the bank's excess reserves fall below a certain level. C) the bank's total deposits fall below a certain level. D) the bank has inadequate insurance.
Economics
Given the consumption equation C = $500 billion + 0.80Y, an increase in national income from $6,000 billion to $7,000 billion will cause consumption to increase by
a. $800 billion b. $1,000 billion c. $1,300 billion d. $1,500 billion e. $1,800 billion
Economics