A Recessionary Output Gap Implies That

question 104

Multiple Choice

A recessionary output gap implies that

• A)the demand for all factor services will be relatively low.
• B)the intersection of AD and AS occurs where real GDP exceeds potential output.
• C)the economy's resources are being used at more than their normal capacity.
• D)there is upward pressure on wages.
• E)there is excess demand for most factors of production.

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Definitions:

Primary Sex Characteristics

The physical features that are directly involved in the reproductive process, including the ovaries, fallopian tubes, uterus, vagina in females, and the testes, seminal vesicles, and penis in males.

Males

Referring to the male sex or gender, biologically characterized by XY chromosomes, producing sperm for reproduction.

Primary Sex Characteristics

The physical features directly involved in the reproductive process, such as the ovaries in females and testes in males.

Secondary Sex Characteristics

Physical features that emerge during puberty which are not directly involved in reproduction but distinguish the two sexes, such as breast development and facial hair.