When the expenditure schedule is too low, the result is a(n)

a. unemployment surplus.
b. inflationary gap.
c. recessionary gap.
d. budgetary gap.

c

Economics

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If inflation is completely anticipated

A) borrowers lose in the economy. B) firms lose because they incur menu costs. C) lenders lose in the economy. D) no one loses in the economy.

Economics

Both sugar and fructose can be used in the production of candy. If the price of sugar increases,

a. the demand for sugar increases b. sugar becomes relatively more expensive than fructose only if the price of fructose falls c. sugar becomes relatively more expensive than fructose, other things constant d. the price of fructose immediately increases e. the price of fructose immediately decreases

Economics