Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If an economy has an output gap of 0%, this means: Group of answer choices A) inflation is 0%. B) unemployment is 0%. C) actual
If an economy has an output gap of 0%, this means:
Group of answer choices
A) inflation is 0%.
B) unemployment is 0%.
C) actual GDP is at potential GDP.
D) the neutral rate of interest is at 0%.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started