to the diagram, in which Q f is the full-employment output. If the economy's current aggregate demand curve is AD 3 , it is experiencing:
A. a positive GDP gap.
B. a negative GDP gap.
C. a recession.
D. cost-push inflation.
A. a positive GDP gap.
Economics
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Total surplus is the sum of producer’s surplus and consumer’s surplus.
Answer the following statement true (T) or false (F)
Economics
Which of the following is a positive economic statement?
A. No individual should live in poverty. B. Economic considerations are less relevant than ethical issues in deciding national policy. C. The unemployment rate of males exceeds that of females. D. Unemployment is a more serious societal problem than inflation.
Economics