The difference between actual and potential GDP is called
A) a gap shortage.
B) an output gap.
C) the output resistance.
D) the output decline.
Correct Answer:
Verified
Q18: The underemployed are those people who are
A)
Q19: The unemployment rate includes
A) people not working
Q20: The natural rate of unemployment is
A) 5%.
B)
Q21: The rate at which potential GDP rises
Q22: Which of the following is the formula
Q24: Problems in _ are another possible cause
Q25: When unemployment is above the natural rate,
A)
Q26: _ policies of the government can also
Q27: Negative demand shifts can
A) be defined as
Q28: The pattern of recession,recovery,and expansion is known
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