Which of the following questions are not answered by the process of demand side GDP determination?
a. How large is equilibrium GDP?
b. Does the economy have unemployment?
c. Is demand side equilibrium consistent with supply side equilibrium?
d. Does the economy have inflation?
e. All of the above are not answered.
e
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If an economy is operating at short-run equilibrium below the level of real GDP, the self-correction model result is that: a. unemployment increases
b. unemployment falls. c. cyclical unemployment increases. d. frictional and structural unemployment increase.
Eliminating double-taxation would likely
a. raise saving and primarily benefit people with lower incomes. b. raise saving but primarily benefit people with higher incomes. c. reduce saving but primarily benefit people with lower incomes. d. reduce saving and primarily benefit people with higher income.
Which statement is true?
A. During prosperity, federal government borrowing crowds out a substantial amount of private investment. B. During recessions, federal government borrowing crowds out a substantial amount of private investment. C. Neither statement is true.
(1)Qd(2)Qd(3)Price(4)Qs(5)Qs5040$1070806050960708060850609070740501008063040
What will be an ideal response?