A recessionary gap occurs if:
A) actual real GDP is less than potential output.
B) actual real GDP is greater than potential output.
C) actual real GDP is equal to potential output.
D) unemployment is less than the natural rate.
Correct Answer:
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Q190: Use the following to answer questions:
Figure: Policy
Q191: Use the following to answer questions:
Figure: Inflationary
Q192: If the SRAS curve intersects the aggregate
Q193: Graphically, a recessionary gap is measured as
Q194: Use the following to answer questions:
Figure: An
Q196: Use the following to answer questions:
Figure: Policy
Q197: Use the following to answer questions:
Figure: Policy
Q198: An inflationary gap will be eliminated because
Q199: Use the following to answer questions:
Figure: Policy
Q200: An inflationary gap occurs if:
A) actual real
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