Examlex

Solved

The Figure Above Shows a Nation's Aggregate Demand Curve, Aggregate

question 36

Multiple Choice

The figure above shows a nation's aggregate demand curve, aggregate supply curve, and potential GDP. The figure above shows a nation's aggregate demand curve, aggregate supply curve, and potential GDP.   -In the figure above, the ________ gap is one trillion dollars. To close the gap, the government can ________ government expenditure and/or ________ taxes. A)  inflationary; increase; increase B)  inflationary; decrease; increase C)  recessionary; increase; decrease D)  recessionary; decrease; increase E)  recessionary; decrease; decrease
-In the figure above, the ________ gap is one trillion dollars. To close the gap, the government can ________ government expenditure and/or ________ taxes.


Definitions:

Certified Public Accountant

A designation given to an accountant who has passed a standardized CPA exam and met government-mandated work experience and education requirements.

Sole Proprietorship

A sole proprietorship is a business owned and operated by one person, where there is no legal distinction between the owner and the business entity.

Management Decisions

The choices or judgments made by the management team of an organization regarding its operations, strategy, and resources.

Patent Protect

The legal right granted to inventors that prevents others from making, using, selling, or distributing the patented invention without permission, typically for a limited period.

Related Questions