When There Is a Recessionary Gap,(actual)Real GDP Is __________ Natural

question 55

Multiple Choice

When there is a recessionary gap,(actual) Real GDP is __________ Natural Real GDP,and the (actual) unemployment rate is __________ the natural rate of unemployment.

• A) greater than; less than
• B) greater than; greater than
• C) greater than; equal to
• D) less than; greater than
• E) less than; less than

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Definitions:

Empirical Data

Information gathered through observation or experimentation that can be analyzed to gain knowledge.

External Forces

Factors outside of an individual's or organization's control that affect their decisions or operations.

Scientific Theories

Thoroughly validated interpretations of particular facets of the natural world, grounded in an evidential base that has been consistently reaffirmed through both empirical observation and experimental procedures.