When actual output is greater than potential output there is a(n) :
A) budget deficit.
B) budget surplus.
C) expansionary gap.
D) recessionary gap.
Correct Answer:
Verified
Q46: When there is a recessionary gap, capital
Q47: The increase in the unemployment rate during
Q48: If actual output equals potential output, unusually
Q49: Which of the following workers is most
Q50: Short-term economic fluctuations are _ in length
Q52: Which of the following workers is least
Q53: Which of the following is most likely
Q54: An expansion occurs when _, when _,
Q55: Workers in durable-goods industries are _ workers
Q56: Typically, the unemployment rate _ during a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents