Suppose potential GDP is $14000. If consumption is $9700, investment is $2500, Government purchases is $1,500, export is 700 and import is 400, is this market operating at full employment (is economy working at its potential)? a. Yes, the market is at full employment b. No, the market is in recession С. No, the market is in expansion d. Not enough information

Suppose potential GDP is $14000. If consumption is $9700, investment is $2500, Government purchases is $1,500, export is 700 and import is 400, is this market operating at full employment (is economy working at its potential)? a. Yes, the market is at full employment b. No, the market is in recession С. No, the market is in expansion d. Not enough information

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter19: The Keynesian Model In Action

Section: Chapter Questions

Problem 2SQP

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