Of the following, identify the incorrect statement. (LO5) a. Output gaps are caused by inflationary pressures generated

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Of the following, identify the incorrect statement. (LO5)

a. Output gaps are caused by inflationary pressures generated by the unintended side effects of government policy.

b. Low aggregate spending can make output fall below potential output.

c. When spending is high, output may rise above potential output.

d. Government policies can help to eliminate output gaps.

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Principles Of Macroeconomics

ISBN: 9781259414367

6th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics

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Question Posted: Nov 08, 2024 03:00 AM

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Of the following, identify the incorrect statement. (LO5) a. Output gaps are caused by inflationary pressures generated

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Principles Of Macroeconomics

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