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How do we define the economy's output gap? Question 4 options: the difference between actual national income and desired aggregate expenditure the change in real

How do we define the economy's output gap? Question 4 options: the difference between actual national income and desired aggregate expenditure the change in real GDP that results from economic growth the difference between actual GDP and potential GDP the level of total output that would be produced if capacity utilization is at its normal rate the difference between nominal GDP and real GDPIn macroeconomic analysis, the assumption that potential output (Y*) is changing is a characteristic of Question 5 options: the adjustment process. the national accounts model. the short run. the business cycle model. the long run

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