An inflationary 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 greater than the natural rate.
Correct Answer:
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Q195: A recessionary gap occurs if:
A) actual real
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
Q201: As an inflationary gap self-corrects, the equilibrium
Q202: A recessionary gap will be eliminated because
Q203: Suppose that the economy is in long-run
Q204: An advantage of stabilizing macroeconomic policy over
Q205: If the short-run macroeconomic equilibrium is to
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