4) d. The consequence of a negative GDP gap is that it requires public policy to correct. interest rates will fall and lower national saving. people will not be able to afford to go to college. what is not produced is lost forever and future economic growth will be less. e. The noneconomic effects of unemployment include a sense of failure created in parents and in their children the costs of moving for unemployed persons. the additional expense of helping unemployed family members. the unemployment benefits that are paid.
4) d. The consequence of a negative GDP gap is that it requires public policy to correct. interest rates will fall and lower national saving. people will not be able to afford to go to college. what is not produced is lost forever and future economic growth will be less. e. The noneconomic effects of unemployment include a sense of failure created in parents and in their children the costs of moving for unemployed persons. the additional expense of helping unemployed family members. the unemployment benefits that are paid.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
4)
d. The consequence of a negative GDP gap is that
-
it requires public policy to correct.
-
interest rates will fall and lower national saving.
-
people will not be able to afford to go to college.
-
what is not produced is lost forever and future
economic growth will be less.
e. The noneconomic effects of
-
a sense of failure created in parents and in their children
-
the costs of moving for unemployed persons.
-
the additional expense of helping unemployed family members.
-
the unemployment benefits that are paid.
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