How is it possible for the economy to have a recessionary gap?
A. Equilibrium is at a GDP level below full employment.
B. Equilibrium is at a GDP level equal to full employment.
C. Equilibrium is at a GDP level above full employment.
D. GDP is rising at full employment.
E. GDP is falling at full employment.
Answer: A
Economics
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Which of the following statements is correct?
A) The slope of a curved line is not defined because it is impossible to calculate the slope along a curved line. B) The slope of a straight line changes depending where on the line it is calculated. C) A straight line that slopes upward moving to the right has a positive slope. D) Answers A and B are correct. E) Answers A and C are correct.
Economics
"There should be less discrimination against women" is an example of a positive statement
a. True b. False
Economics