The output gap is
A) negative if potential GDP is smaller than real GDP.
B) a measure of potential output.
C) negative if potential GDP is larger than real GDP.
D) constant throughout the business cycle.
E) shrinking all the time.
Correct Answer:
Verified
Q32: Actual real GDP will be above potential
Q33: If labour productivity growth slows down in
Q34: Long-run economic growth requires all of the
Q35: Which of the following is an example
Q36: Human capital refers to which of the
Q38: According to the "Rule of 70," it
Q39: Which of the following would contribute to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents