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If aggregate output for current employment is at economic capacity, does a GDP gap exist? A.Yes,an inflationary gap. B.Yes, a recessionary gap. C.No,a GDP gap

  1. If aggregate output for current employment is at economic capacity, does a GDP gap exist?

A.Yes,an inflationary gap.

B.Yes, a recessionary gap.

C.No,a GDP gap does not exist.

D.Not enough information given.

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