If potential GDP is $400 billion and there is a negative GDP gap of $15 billion, real GDP is:
A. $415 billion.
B. $385 billion.
C. $15 billion.
D. $785 billion.
B. $385 billion.
Economics
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In 2017, the poverty line for a family of four was about $42,000.
Answer the following statement true (T) or false (F)
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Refer to the above graph. The aggregate demand curve would be represented by which line?
A. 1 B. 2 C. 3 D. 4
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In the first week in March 1933, ______ banks had shut their doors.
A. a few B. nearly half C. most D. all
Economics