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When Actual Output Is Less Than Potential Output, There Is

question 9

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When actual output is less than potential output, there is ________ output gap and the rate of inflation will tend to ________.


Definitions:

W.E.B. Du Bois

An influential African American sociologist, historian, and civil rights activist, best known for his work on racial equality and his opposition to segregation.

Educational Policies

Guidelines and rules established by educational authorities to manage and direct education systems and institutions.

African Americans

African Americans are citizens or residents of the United States who have partial or total ancestry from any of the black racial groups of Africa.

American Indians

Another term for Native Americans, referring to the indigenous peoples of North and South America before European colonization.

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