When actual output is greater than potential output,there is a(n)
A) budget deficit
B) budget surplus.
C) trade deficit.
D) recessionary gap.
E) expansionary gap.
Correct Answer:
Verified
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Q41: If potential output equals $5 billion and
Q42: Which of the following statements is NOT
Q43: If potential output equals $8 billion and
Q44: If potential output equals $8 billion and
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)
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