The diminished employment prospects for the graduates of 2002 is most likely due to the existence of a(n)
A) inflationary gap.
B) significant increase in real GDP.
C) shift of the aggregate demand curve outward.
D) recessionary gap.
Correct Answer:
Verified
Q141: An inflationary gap will exist when
A)aggregate demand
Q146: Figure 10-4 Q148: One complication that tends to prolong recessionary Q151: Many economists describe the 2007-2009 period in Q153: The Japanese economy has been consistently weak Q154: When equilibrium GDP is below potential GDP, Q157: When an inflationary gap exists, the job Q158: Recessionary gaps usually lead to Q159: Figure 10-4 Q163: The reason that stagflation tends to follow
A)structural unemployment.
B)cyclical unemployment.
C)seasonal
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