Question
If Potential GDP is 25,000, then what type of output gap exists in this economy? a. inflationary gap b. recessionary gap c. no output gap
If Potential GDP is 25,000, then what type of output gap exists in this economy?
| a. | inflationary gap | |
| b. | recessionary gap | |
| c. | no output gap |
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
