If the GDP gap is -$3.5 trillion, then
A) workers are employed overtime.
B) the economy is experiencing a boom.
C) the economy is in a recession.
D) cyclical unemployment is negative.
Correct Answer:
Verified
Q36: Actual GDP will be below potential GDP
A)
Q83: Exhibit 16-2 Unemployment categories Q84: Of the four groups listed below, the Q85: Someone was just laid off from a Q86: Which of the following is not a Q89: The GDP gap is the difference between: Q90: Which of the following demographic groups in Q91: The burden of unemployment is Q92: What does the GDP gap measure? Q172: Which of the following is true?
A)
A) endured better
A)Frictional unemployment
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