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When the output gap is positive, it represents ________ gap, and when it is negative, it represents ________ gap. A. an employment; an unemployment B.

When the output gap is positive, it represents ________ gap, and when it is negative, it represents ________ gap.

A.

an employment; an unemployment

B.

an inflationary; an employment

C.

an inflationary; a recessionary

D.

a recessionary; an inflationary

E.

None of the above answers is correct.

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