When real GDP is potential output, fiscal policy designed to move real GDP to the economy's potential output level will tend to make a federal budget deficit larger

a. above, expansionary
b. below, contractionary
c. above, contractionary
d. below, expansionary

Economics

A diversified portfolio is comprised of

What will be an ideal response?

View

Economics

Refer to the above graph. A decrease in supply would best be reflected by a change from:

a. Point 2 to point 1 b. Point 3 to point 6 c. Point 5 to point 2 d. Point 5 to point 1

View

Economics

When real GDP is ________ potential output, ________ fiscal policy designed to move real GDP to the economy's potential output level will tend to make a federal budget deficit larger