Potential real GDP minus actual real GDP
A) is the difference between the peak and the trough of a business cycle.
B) is the difference between real and nominal GDP.
C) measures the GDP gap.
D) measures the inflation rate.
E) measures the difference between the full employment rate and the natural rate of unemployment.
Correct Answer:
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Q45: Potential real GDP is the output level
Q46: The natural rate of unemployment describes the
Q47: Which of the following people is cyclically
Q48: To avoid confusing _ fluctuations in unemployment
Q48: Structural unemployment will decline if:
A)more seasonal work
Q50: Creative destruction results in _ unemployment.
A) seasonal
B)
Q51: _ unemployment is/are always present in a
Q52: Which of the following is false regarding
Q53: The natural rate of unemployment is the
Q54: As more people begin to look for
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