When there is a recessionary gap, capital and labor resources are:
A) not being fully utilized.
B) decreasing in number.
C) misallocated.
D) producing beyond their capacity.
Correct Answer:
Verified
Q41: Potential output is:
A)equal to actual output.
B)also known
Q42: When actual output is less than potential
Q43: The difference between the economy's potential output
Q44: Changes in the growth rate of potential
Q45: Falling growth rates during the 2007-2009 recession
Q47: The increase in the unemployment rate during
Q48: If actual output equals potential output, unusually
Q49: Which of the following workers is most
Q50: Short-term economic fluctuations are _ in length
Q51: When actual output is greater than potential
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