During an expansion, there could be an inflationary gap or a deflationary gap.
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Q225: If illegal activities were included in GDP
Q226: If real GDP is $200 billion and
Q227: The output gap is positive during an
Q228: The underground economy does not include
A) tax
Q229: A country with strict environmental standards probably
Q231: When parents home-school their children they are
Q232: An expansion is a period when real
Q233: Real GDP is a limited measure of
Q234: Business cycles are fluctuations of real GDP
Q235: A country with an excellent and affordable
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