The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A
B. recessionary; C
C. recessionary; B
D. expansionary; A
Answer: D
Economics
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Employment protection laws make it harder for employees to lose their jobs and as a result, these laws reduce structural unemployment
Indicate whether the statement is true or false
Economics
Exchange rates are determined in
A) the money market. B) the foreign exchange market. C) the stock market. D) the capital market.
Economics
Special interests are most likely to be effective at _____
a. the federal level b. the state level c. and the county level d. at the city level
Economics
Refer to Figure 34.3. The implied marginal tax rate is
A. 100 percent. B. 0 percent. C. Greater than 100 percent. D. 50 percent.
Economics