The economy can be in equilibrium and in a recessionary gap simultaneously
Indicate whether the statement is true or false
True
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The population theory of Thomas Malthus
(a) would have predicted the changes in per output in this country in the 19th century and up to 1910. (b) would lead you to expect a powerful surge in physical output as the immigration poured in. (c) would not have predicted the positive trend increase in per capita output and income in 1860–1910. (d) does not apply to any of the above.
The income transferred by the government from a citizen who is earning income to another citizen is referred to as:
a. fiscal spending. b. transfer payment. c. budgetary allowance. d. taxation. e. internal debt.
A firm's average fixed cost is equal to the firm's:
A. fixed cost divided by its level of output. B. marginal cost divided by its level of output. C. fixed cost divided by its total revenue. D. level of output divided by its variable cost.
Which of the following policies tends to cause the dollar to depreciate?
A. a combination of an contractionary monetary policy and a expansionary fiscal policy B. a contractionary fiscal policy C. an contractionary monetary policy D. an expansionary fiscal policy