The amount by which actual output falls short of potential output is called:
A)a deadweight loss.
B)real GDP.
C)a recessionary gap.
D)the full-employment output.
E)an expansionary gap.

Name: The amount by which actual output falls short of potential output is called: A)a deadweight loss. B)real GDP. C)a recessionary gap. D)the full-employment output. E)an expansionary gap.
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Question

Quizplus · Accepted Answer

A recessionary gap is the amount by which actual output falls short of potential output.

The Amount by Which Actual Output Falls Short of Potential