?Which of the following options could be used to eliminate a recessionary gap?

A. Decrease government spending
B. ?Decrease consumption
C. Decrease investment
D. ?Decrease taxes


Answer: D

Economics

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In a private closed economy (an economy with only a private sector and no international trade), the equilibrium condition for the economy is

A. C + Ig + G + NX = Y. B. AE = C + Ig + G = Y. C. AE = G + Ig = Y. D. AE = C + Ig = Y.

Economics

AFC is the same as

A. ATC-AVC. B. ATC. C. AVC. D. MC.

Economics

List some reasons why the aggregate demand curve of an economy may shift to the left

Economics

If the economy is in long-run equilibrium, the actual unemployment rate is less than the natural unemployment rate

Indicate whether the statement is true or false

Economics