Companies will often spend considerable amounts of money to create a ________with respect to their brand name.

The GDP gap tends to increase when the economy shifts into recession

a. True b. False Indicate whether the statement is true or false

If a positive permanent supply shock were to occur, the resulting equilibrium would be a:

A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.