Define equilibrium GDP and full-employment GDP

Reference no: EM13309038

Define equilibrium GDP and full-employment GDP. Then compare recessionary expenditure gap and inflationary expenditure gap. How about the current U.S.national economy? Is it in the recessionary expenditure gap or inflationary expenditure gap? How you solve the expenditure gap if you are the policy-decision maker in the United States?

Reference no: EM13309038

Questions Cloud

How many bonds futures contracts? : How many bonds futures contracts and stock index futures contracts do you need to trade to achieve your desired synthetic positions in stocks and bonds?

Direct and indirect effects of ionizing radiation on DNA : Briefly explain the difference between the “direct” and “indirect” effects of ionizing radiation on DNA. Why is DNA considered to be the most important “target” molecule for the damaging effects from exposure to ionizing radiation?

Parent radionuclides atomic number and mass number : Show the equations for positron (?+) decay and alpha particle decay. Describe what happens with the parent radionuclide’s atomic number and mass number following each type of decay.

Describe an organization that you know well : Describe an organization that you know well. Identify message functions and the structure of that organization. Describe the culture of the same organization. If communication competence is the key to organizational excellence, how would you encourag..

Define equilibrium GDP and full-employment GDP : Define equilibrium GDP and full-employment GDP. Then compare recessionary expenditure gap and inflationary expenditure gap. How about the current U.S.national economy?

Define marginal propensity to consume : Define marginal propensity to consume(MPC). What is the relationship between the MPC and consumption function? If Country A's disposable income rose by $200 billion in 2009, and its consumer spending rose by $160 billion, then calculate MPC of Countr..

Ice skating rink decides it will save energy by insulating : An ice skating rink decides it will save energy by insulating the ink each night when not in use. The ice temperature is 265K and the air temperature is 290K. The rink is rectangular with measurements of 20.0m by 100.0m. The insulation consists of co..

Linear equations for the consumption and saving schedules : Linear equations for the consumption and saving schedules take the general from C = a + bY and S = - a + (1-b)Y, where C,S, and Y are consumption, saving, and national income, respectively. The constant a represents the vertical intercept, and b repr..

Why is it important for a supervisor to be active listener : Why is it important for a supervisor to be an active listener? As a supervisor how would you keep your employees engaged in a work meeting?

User Account

All Pages