Is this an inflationary gap or a recessionary?
Inflationary
Economics
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Explain the relationship between real GDP and potential GDP and between the unemployment rate and the natural unemployment rate as the economy moves through a business cycle
What will be an ideal response?
Economics
For much of 2001 and 2002, McDonalds faced a(n):
A) decrease in demand. B) increase in demand. C) increase in profits. D) none of the above.
Economics
A permanent reduction in international trade barriers would
A) decrease long-run aggregate supply. B) increase long-run aggregate supply. C) decrease aggregate demand. D) increase aggregate demand.
Economics
A decrease in gross domestic product (GDP) necessarily means that consumer welfare has decreased
a. True b. False Indicate whether the statement is true or false
Economics