1 answer

19. Mention which of the two output gap occurs in the following cases: recessionary gap or...

Question:

19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy i

19. Mention which of the two output gap occurs in the following cases: recessionary gap or inflationary gap? a. the economy is creating less output than its potential b. the economy is creating more output than its potential

Answers

a. Recessionary gap. It is a positive GDP gap where actual GDP is less than potential GDP.

b. Inflationary gap. It is a negative GDP gap where actual is greater than potential GDP.

.

Similar Solved Questions

1 answer
5. Consider 2n=1,5 SOO a. Using the remainder theorem for the integral test, how many terms...
5. Consider 2n=1,5 SOO a. Using the remainder theorem for the integral test, how many terms are needed to provide an accuracy of 20 to within .001 4 pts. b. Using the n from part a, estimate the sum. (Find S). 4 pts....
1 answer
Marketing by the Numbers Exercise Set One Now that you've studied pricing, break-even, and margin analysis...
Marketing by the Numbers Exercise Set One Now that you've studied pricing, break-even, and margin analysis as they relate to Connect Phone's new-product launch, use the following exercises to apply these concepts in other contexts. 1.1 Sanborn, a manufacturer of electric roof vents, realizes...
1 answer
9) A woman presents to the genetics clinic after recently discovering that she is pregnant. She...
9) A woman presents to the genetics clinic after recently discovering that she is pregnant. She is concerned because she has not felt much movement. An ultrasounds reveals low amniotic fluid causing compression of the fetus. What type of birth defect is the baby at greatest risk for having? Malforma...
1 answer
Cost of Production Report: Weighted average method Sunrise Coffee Company roasts and packs coffee beans. The...
Cost of Production Report: Weighted average method Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the ...
1 answer
Computing Depreciation, Asset Book Value, and Gain or Loss on Asset Sale Sloan Company uses its...
Computing Depreciation, Asset Book Value, and Gain or Loss on Asset Sale Sloan Company uses its own executive charter plane that originally cost $800,000. It has recorded straight line depreciation on the plane for six full years, with a $80,000 expected salvage value at the end of its estimated 10 ...
1 answer
Need 15 to 20 pages of the report on the topic below: Topic: Cryptography Standard: Message...
Need 15 to 20 pages of the report on the topic below: Topic: Cryptography Standard: Message Authentication Codes Covering all below topics. -->Write on one of the following standards, -->You should present all standard algorithms, --?Describe the algorithms, -->Present an example (complete...
1 answer
Please do all parts.............. 1" (8 points) Coulomb Force: There are two charges: qi at (z...
please do all parts.............. 1" (8 points) Coulomb Force: There are two charges: qi at (z 0mm, y = 0mm) and q2 at (z-3mm,y. 6mm) (a) Sketch the configuration of charges (b) Find the vector pointing from qi to q2 in terms of the unit vectors i and j. Find the length r of this vector. Add th...
1 answer
1. Suppose that a firm's production function of output Q is a function of only two...
1. Suppose that a firm's production function of output Q is a function of only two inputs, labor (L) and capital (K) and can be written Q = 25LK. Letting the wage rate for labor be w and the rental rate of capital be r, the equation for the firm's demand for capital would be: wQ A) K = 25r B...
1 answer
Case Study #1: Diversity. How many times have you read or heard that diversity is the...
Case Study #1: Diversity. How many times have you read or heard that diversity is the key to a company’s success? Most times you can turn to the good ole fashioned diversity statement in an organization’s careers page or a diversity message from the company’s CEO. Many employers be...
1 answer
1. Smith Co. has received an invoice dated June 5 for 10 surfboards with a list...
1. Smith Co. has received an invoice dated June 5 for 10 surfboards with a list price of $2,500 each, and for freight of $250. The terms were: Trade items: List less 15% and 5%. Payment terms 3/10, 2/20, n/30 (June has 30 days) (a) What is the last day the invoice can be paid and how much should be ...
1 answer
Which of the following pairs are orthologs? Which are paralogs? Which are neither? Human Trypsin and...
Which of the following pairs are orthologs? Which are paralogs? Which are neither? Human Trypsin and horse Trypsin Human Trypsin and horse chymotrypsin Human Trypsin and human elastase Bacillus subtilis subtilisin and horse chymotrypsin...
1 answer
What is the name of the ether that has the following structure ? What is the...
What is the name of the ether that has the following structure ? What is the name of the ether that has the following structure? CH_3 CH_2-O-CH_2 CH_3...
1 answer
This answer is wrong Entered Answer Preview Result 147.5875 147.5875 incorrect The answer above is NOT...
this answer is wrong Entered Answer Preview Result 147.5875 147.5875 incorrect The answer above is NOT correct (1 pt) Evaluate the integral (le + 2 cos(x)) dx Jo (Be sure to use exact values or at least 4 decimal place accuracy) Integral 147.5875...
1 answer
Cindy and Lou work for the phone company. Below is a table showing the installations they...
Cindy and Lou work for the phone company. Below is a table showing the installations they completed over the last 2 weeks. They do both phone installations and internet installations. Cindy Internet Installations Phone Installations 19 13 Lou 25 21 V has a comparative advantage in internet installat...
1 answer
A woman has a total of $9,000 to invest
A woman has a total of $9,000 to invest. She invests part of the money in an account that pays 5% per year and the rest in an account that pays 12% per year. If the interest earned in the first year is $730, how much did she invest in each account?...
1 answer
5x5–30x+ +40x3+3x2–2x+16 x3 -6x2 +8x 8. Find the partial fraction decomposition for
5x5–30x+ +40x3+3x2–2x+16 x3 -6x2 +8x 8. Find the partial fraction decomposition for...
1 answer
Brachytherapy is coded based on: 9–12 source positions or catheters. 11–19 MeV. real-time scan . contrast.
Brachytherapy is coded based on: 9–12 source positions or catheters. 11–19 MeV. real-time scan . contrast....
1 answer
Use substitution to find the indefinite integral. Sox ex dx [ 5x² e 7x dx=
Use substitution to find the indefinite integral. Sox ex dx [ 5x² e 7x dx=...
1 answer
Exercise 21-13 Fultz Company has accumulated the following budget data for the year 2017. 1. 3....
Exercise 21-13 Fultz Company has accumulated the following budget data for the year 2017. 1. 3. 4. 5. Sales: 31,380 units, unit selling price $90. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $6 per dir...