The amount of output produced when resources are used at normal rates is called
A) a recessionary gap.
B) an expansion.
C) an output gap.
D) potential output.
E) a boom.
Correct Answer:
Verified
Q46: According to IMF data,the Japanese slump of
Q47: Potential output is the
A) same as actual
Q48: Workers in _ industries are more likely
Q49: The difference between the economy's actual output
Q50: The output gap is the difference between
A)
Q52: If potential output equals $5 billion and
Q53: Which of the following workers is most
Q54: An expansionary gap occurs when actual output
Q55: Which of the following statements is NOT
Q56: When actual output is less than potential
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