When the Economy Is in Short-Run Equilibrium, There Will Be

question 80

Multiple Choice

When the economy is in short-run equilibrium, there will be ________ output gap.

• A)no
• B)only a recessionary
• C)either a recessionary or an expansionary
• D)only an expansionary

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Definitions:

Information Rehearsal

The mental process of repeatedly going over information in order to remember it.

Memory Retrieval

The process of recalling or bringing into consciousness information from memory storage.

Memory Encode

The process of converting information into a form that can be stored in the brain.

Flashbulb Memory

A vivid and detailed memory of an emotional or significant moment or event.