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A(n) _______ occurs when the macroeconomic equilibrium GDP is less than the potential GDP. The difference between macroeconomic equilibrium GDP and potential GDP during an

A(n) _______ occurs when the macroeconomic equilibrium GDP is less than the potential GDP. The difference between macroeconomic equilibrium GDP and potential GDP during an expansion is called a(n) _________ output gap. Group of answer choices Expansion: Inflationary Recession: Inflationary Recession: Recessionary Expansion: Recessionary

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