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Statement I: If equilibrium GDP is $6 trillion and full employment GDP is $6.5 trillion,we have a recessionary gap of $500 billion.
Statement II: In 1991 and 1992 we had recessionary gaps.
Q3: Laissez-faire economics was advocated by<br>A)both Keynes and
Q10: The precautionary demand for money originates in<br>A)people's
Q11: If the MPC is .5,the multiplier is<br>A).5.<br>B)1.<br>C)2.<br>D)4.<br>E)5.
Q62: If a bank subject to a 20%
Q75: A _ card purchase takes money out
Q135: The Federal Reserve District Banks are owned
Q215: If you were a liberal member of
Q225: Between 1980 and 2000,the national debt _.<br>A)declined
Q262: How much are his outstanding loans?
Q357: Changing the discount rate and the fed