7. Based on this quote, was the US economy in 2013 experiencing a positive output gap or a negative output gap. Explain your reasoning. negative because they are talking about trying to recover from something fiscal might be more effective because it will probably be more efficient in the long run to let consumers know how it is and how it is going to be upfront so they can adjust accordingly and then over time they will adapt fully and become moore lenient with their spending practices Video Help: https://youtu.be/bv-uNNKE391 @Copyright Jacob Clifford 2020. www.ACDCecon.com