Blog

In the fictional country of Lunaria, the economy is producing 5,800 trillion dollars in 2036, while the potential output is 6,200 trillion dollars. Which type of gap does this create, and without government intervention, does the SRAS curve shift to the right or left to close the gap?

In Amy Lowell’s “Bath”, the imagery primarily revolves around:

If the economy is producing 1,000 trillion dollars in 2022, and the potential output is 1,100 trillion dollars, what kind of gap do we have, and how much is the gap?

How does combining drugs and psychological treatments benefit patients in the short and long term?

A contractionary fiscal policy:

Which of the following is NOT a government transfer payment? 

In the fictional country of Vireland, the economy is producing 1,700 trillion dollars in 2028, while the potential output is 1,900 trillion dollars. Which kind of gap do we have, and should the Federal Reserve increase or decrease the money supply to close the gap?

In the fictional country of Econlandia, the economy is producing 1,400 trillion dollars in 2026, while the potential output is 1,600 trillion dollars. Which kind of gap do we have, and what type of fiscal policy should the government use to close the gap?

Wheat is the main input in the production of flour.  If the price of wheat increase, then we would expect the

In the fictional country of Valtoria, the economy is producing 6,500 trillion dollars in 2035, while the potential output is 6,200 trillion dollars. Which type of gap does this create, and without government intervention, does the SRAS curve shift to the right or left to close the gap?