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Question 10 (0.8 points) Listen All Rights Reserved for Dr. Ibrahim Abou-Saad: Which of the following is expected when the economy is experiencing a recessionary
Question 10 (0.8 points) Listen All Rights Reserved for Dr. Ibrahim Abou-Saad: Which of the following is expected when the economy is experiencing a recessionary gap? The unemployment rate is greater than the natural rate of unemployment. Actual real GDP is less than potential GDP. The inflation rate is very high. ONone of the above. Question 11 (0.8 points) ) Listen All Rights Reserved for Dr. Ibrahim Abou-Saad: If you know that a country's potential real GDP (Y") equals 3.4 Trillion US$, while its actual real GDP (Y) equals 4.1 Trillion US$, then which of the following is true for this country? O There is an expansionary (inflationary) output gap. The unemployment rate (U) is greater than the natural rate of unemployment (U.). All of the above are true. ONone of the above is true
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