If there is an active surplus (+) of +$30 billion and an actual deficit (-) of -$40 billion, then:
a. The full employment deficit must be -$70 billion.
b. The passive deficit (-) must be -$10 billion.
c. The full employment deficit (-) must be -$30 billion
d. The passive deficit (-) must be -$70 billion.
e. The passive surplus (+) must be +$40 billion.
.D
Economics
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A) short-term; rise B) short-term; fall moderately C) short-term; remain unchanged D) long-term; fall moderately
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A good economic theory
a. has realistic assumptions b. contains as much detail as possible c. cannot be proven false d. predicts well e. can only be presented in mathematical terms
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