In Macroland,potential GDP equals $8 trillion and actual GDP equals $8.8 trillion.Macroland has a(n) _________ gap equal to ________% of potential GDP.
A) expansionary;10
B) expansionary;9
C) expansionary;0.8
D) recessionary;10
E) recessionary;9
Correct Answer:
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Q67: If the cyclical rate of employment equals
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Q73: In Macroland,potential GDP equals $500 billion and
Q74: If the natural rate of unemployment equals
Q75: If the output gap equals-$50 million,then
A) cyclical
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Q80: If the natural rate of unemployment equals
Q81: The cyclical unemployment rate is positive when
A)
Q82: The natural rate of unemployment includes
A) only
Q83: If the actual rate of unemployment equals
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