If the GDP gap is zero, we can conclude that:
A) unemployment is zero.
B) we are below our potential output level.
C) cyclical unemployment is zero.
D) we are above our potential output level.
Correct Answer:
Verified
Q1: What stage of the business cycle immediately
Q20: A recession is a decline in real
Q21: What stage of the business cycle immediately
Q22: The business cycle occurs from:
A) changes in
Q24: Over time, real GDP tends to:
A) fluctuate.
B)
Q25: A coincident indicator:
A) highlights future changes in
Q26: Which of the following is not a
Q27: Total spending influences the business cycle because:
A)
Q28: The GDP gap is the difference between:
A)
Q29: Economic growth is measured by the annual
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