Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello. May i know answer for these question. 1) If equilibrium income is higher than the potential income at full-employment, then the economy is saddled

Hello. May i know answer for these question.

1) If equilibrium income is higher than the potential income at full-employment, then the economy is saddled with

Group of answer choices

A) deflationary gap

B) recessionary gap

C) inflationary gap

D) inequality gap

2)

image text in transcribed
\f

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International economics

Authors: Robert J. Carbaugh

13th Edition

978-1439038949, 1439038945, 978-8131518823

More Books

Students also viewed these Economics questions

Question

LO10.3 Explain how demand is seen by a purely competitive seller.

Answered: 1 week ago