When the expenditure schedule is too high, the result is a(n)
A. unemployment surplus.
B. inflationary gap.
C. recessionary gap.
D. budgetary gap.
Answer: B
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The primary purpose of antitrust legislation is to
a. protect small business b. protect the competitiveness of U.S. business c. protect the prices of American-made products d. ensure American labor is paid a fair wage e. ensure firms earn only a fair profit
What do Social Security taxes pay for?
What will be an ideal response?
Recall the Application about how the price of CO2 permits in the European Union is determined to answer the following question(s).Recall the Application. In the European Union, the term they use for pollution permits is:
A. allowances. B. caps. C. trades. D. emissions.
Which of the following formulas is correct? Percentage change in:
A. price level approximates percentage change in real income minus percentage change in nominal income. B. real income approximates percentage change in nominal income minus percentage change in price level. C. nominal income approximates percentage change in price level minus percentage change in real income. D. real income approximates percentage change in price level minus percentage change in nominal income.