The table below shows the aggregate equilibrium for the country of Nickeltown. Aggregate Data Year Nickeltown Potential Aggregate Output Current Aggregate Output Price Level 2002 2003 in billions 400 300 In 2002, Nickeltown experienced a ORecessionary gap OInflationary gap in billions 300 90 200 95 OPotential equilibrium What would be an appropriate action for the government of Nickeltown to take? ORaise taxes OIncrease government spending ONothing

The table below shows the aggregate equilibrium for the country of Nickeltown. Aggregate Data Year Nickeltown Potential Aggregate Output Current Aggregate Output Price Level 2002 2003 in billions 400 300 In 2002, Nickeltown experienced a ORecessionary gap OInflationary gap in billions 300 90 200 95 OPotential equilibrium What would be an appropriate action for the government of Nickeltown to take? ORaise taxes OIncrease government spending ONothing

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 4SCQ: Without looking at Table 19.7, return to Figure 19.10. If we define a recession as a significant...

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i need help , i keep getting it woring and this is my last chance macroeconmics question 11
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