An economy that is operating below its full-employment capacity is experiencing a(n):
A. tax-induced recession.
B. recessionary gap.
C. inflationary gap.
D. market correction.
Answer: A
Economics
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A) cost or a benefit. B) benefit but not a cost. C) cost but not a benefit. D) marginal cost but not a total cost.
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The gold standard ended with the:
a. rise of Napoleon to power. b. American Declaration of Independence. c. outbreak of World War I. d. first Arab oil embargo. e. presidency of Richard Nixon.
Economics