Business, 22.04.2021 15:40 Clervoyantyvonne

1. A recessionary gap is the result of the: a. actual level of output falling below the full-employment level of output.
b. full-employment level of output falling below the actual level of output.
c. full-employment level of output falling below the actual level of consumption.
2. The recessionary gap is measured by the:
a. difference in the slope between the full-employment aggregate expenditures curve and the recessionary aggregate expenditures curve.
b. vertical distance between the full-employment aggregate expenditures curve and the recessionary aggregate expenditures curve.
c. horizontal distance between the full-employment aggregate expenditures curve and the recessionary aggregate expenditures curve.
3. An inflationary gap, as opposed to a recessionary gap, will result in the:
a. recessionary level of output exceeding the actual level of output.
b. actual level of output exceeding the full-employment level of output.
c. full-employment level of output exceeding the actual level of output.
4.The anticipated increase in profit resulting from additional economic investment is known as the:
a. demand for capital (goods).
b. expected rate of return.
c. nominal interest rate.
d. real interest rate.

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