The GDP gap is the difference between:
A. frictional unemployment and actual real GDP.
B. unemployment rate and real GDP deflator.
C. actual real GDP and full-employment real GDP .
D. full-employment real GDP and real GDP deflator.
Answer: C
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Investment spending increases during ________, and decreases during ________
A) a deflation; an inflation B) a recession; an expansion C) an expansion; a recession D) a recession; a depression
How mobile is Europe's labor force?
What will be an ideal response?
The central banks of many developing countries choose to pursue policies that generate high levels of inflation, because the benefits of doing so seem to exceed the costs.
Answer the following statement true (T) or false (F)
A means tested government program is one that:
A. is pilot tested to see if it works. B. provides assistance to those below a certain income level. C. is temporary and ends after a short period of time. D. All of these