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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.
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. |
| None of the above. |
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
