Since 1950, economic fluctuations in the United States (i.e., the output gap) have generally been in the ________ percent to ________ percent range.
A) -4; 4
B)-5; 1
C) -8; 8
D) -2; 2
E) -3; 0

Question

Quizplus · Accepted Answer

The output gap is the difference between actual output and potential output. Since 1950, the output gap in the United States has generally been in the -4% to 4% range.

Since 1950, Economic Fluctuations in the United States (I