Which one of the following could cause a recessionary gap?
a. Interest rates are too low.
b. Consumers spend more than they earn.
c. Price levels are too high.
d. Businesses spend more than they save.
c
Economics
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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
Economics
What's the firm's contribution margin?
a. $1800 b. $800 c. $1000 d. $300
Economics
All these factors affect a country's exchange rates, except
a. Inflation b. Interest rates c. Employment d. Price levels
Economics
Prior to 1973, the world operated on a system of fixed exchange rates called the Bretton Woods system
a. True b. False Indicate whether the statement is true or false
Economics