2. Considering our spending model of the economy,which condition describes a period of highunemployment? (RGDPFErefers to full employmentoutput.)a. C +|+ G + NE < RGDPFEb. C+1+G + NE =RGDP FEc. C +1+ G + NE > RGDPE:d. none of the aboveWhich indicates a downturn in the business cycle -that is, a recession?a. increased corporate profitsb. increased household incomec. slowed economic growthd. increased real output5. Which worker is considered officially to beunemployed?a. high school teacher off during summer monthsb. unemployed person looking for a jobc. retired factory workerd. person who quits his job and does not look foranother one

2. Considering our spending model of the economy, which condition describes a period of high unemployment? (RGDPEF refers to full employment output.) a. C+1+ G + NE < RGDPEE b. C +1+ G + NE = RGDP FE c. C +|+G + NE > RGDP FE d. none of the above

2. Considering our spending model of the economy, which condition describes a period of high unemployment? (RGDPEF refers to full employment output.) a. C+1+ G + NE < RGDPEE b. C +1+ G + NE = RGDP FE c. C +|+G + NE > RGDP FE d. none of the above

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter16: The Influence Of Monetary And Fiscal Policy On Aggregate Demand

Section: Chapter Questions

Problem 11PA

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Question

2. Considering our spending model of the economy,
which condition describes a period of high
unemployment? (RGDPFE
refers to full employment
output.)
a. C +|+ G + NE < RGDP
FE
b. C+1+G + NE =
RGDP FE
c. C +1+ G + NE > RGDPE:
d. none of the above
Which indicates a downturn in the business cycle -
that is, a recession?
a. increased corporate profits
b. increased household income
c. slowed economic growth
d. increased real output
5. Which worker is considered officially to be
unemployed?
a. high school teacher off during summer months
b. unemployed person looking for a job
c. retired factory worker
d. person who quits his job and does not look for
another one

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