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An Inflationary Gap Can Best Be Described as the Amount

Question 76

Multiple Choice

An inflationary gap can best be described as the amount by which:


A) equilibrium output exceeds potential output
B) real expenditures exceed any given level of real output
C) withdrawals exceed injections at the level of potential output
D) real expenditures fall short of potential output
E) withdrawals exceed injections at all levels of potential output

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