How is it possible for the economy to have an inflationary 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.
c
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Marginal revenue is defined as
a. the accumulated revenue associated with production b. ?TR/?Q c. the change in profit associated with another unit of output produced d. ?TC/?Q
Of the following Asian countries, which has the lowest level of real GDP per person?
A) China B) Korea C) Singapore D) Hong Kong
If a corporation goes bankrupt, bondholders have ________ on the firm's assets
A) second claim, after stockholders, B) no claim C) first claim D) third claim, after the IRS and stockholders,
Which of the following are NOT liabilities on the Fed's balance sheet?
A) discount loans B) bank deposits C) deferred availability cash items D) U.S. Treasury deposits