Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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.
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