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10. When output (Y) is less than its normal or potential level (Y *), usually: a. the unemployment rate is greater than its normal or
10. When output (Y) is less than its normal or potential level (Y *), usually: a. the unemployment rate is greater than its normal or natural rate. b. planned aggregate expenditure (PAE) is less than output (Y). c. government purchases of goods and services (G) are below their normal or usual level (G*). d. all of the above. e. none of the above
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