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Based Country has real GDP of $3,800 billion and potential GDP of $3,500 billion. Based Country has A. an unemployment rate above its natural rate.
Based Country has real GDP of $3,800 billion and potential GDP of $3,500 billion. Based Country has A. an unemployment rate above its natural rate. B. an inflationary gap of $300 billion. C. under-utilized its resources. D. Both A and B E. all of the above
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
