Which of the following is a positive economic statement?
a. reducing unemployment should be the highest priority of the federal government.
b. a reduction in the payroll tax will reduce the unemployment rate.
c. corporations should be prohibited from laying off workers during a recession.
d. the current unemployment rate is too high.
B
Economics
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In the above figure, when the economy is in a long-run equilibrium, real GDP will be
A) $15.5 trillion. B) $16.0 trillion. C) $17.5 trillion. D) $17.0 trillion.
Economics
Net exports equals
A) exports of goods and services minus imports of goods and services. B) imports of goods and services minus exports of goods and services. C) the government sector balance plus the private sector balance. D) Both answers A and C are correct.
Economics