If the economy is in a recession, actual output will be _____ potential output.
A) less than
B) less than.
C) the same as.
D) the same as
E) greater than.
F) greater than
G) equal to.
H) equal to
Correct Answer:
Verified
Q132: When the output gap is _, the
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Q134: A period of rising real GDP is
Q135: When the output gap is negative, the
Q136: A period of falling real GDP is
Q138: A recession does NOT imply:
A)a sustained economic
Q139: When an economy is between the peak
Q140: One normally expects that unemployment decreases while
Q141: The _ of a business cycle marks
Q142: Following a _, real GDP _.
A)trough; increases
B)trough;
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