An economy operating at close to full capacity is likely to show_______________ 1. A trade surplus 2. A low unemployment rate and inflationary pressures 3. A high unemployment rate and lower wages 4. Lower demand for money
An economy operating at close to full capacity is likely to show_______________ 1. A trade surplus 2. A low unemployment rate and inflationary pressures 3. A high unemployment rate and lower wages 4. Lower demand for money
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter25: The Keynesian Perspective
Section: Chapter Questions
Problem 18CTQ: What may happen if growth in China continues or contracts?
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Question
An economy operating at close to full capacity is likely to show_______________
1. A trade surplus
2. A low
3. A high unemployment rate and lower wages
4. Lower demand for money
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