?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
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
AFC is the same as
A. ATC-AVC. B. ATC. C. AVC. D. MC.
Economics