If Real GDP Is Greater Than Potential GDP, Then

question 66

Multiple Choice

If real GDP is greater than potential GDP, then:

• A)the actual unemployment rate is greater than the natural rate of unemployment.
• B)the actual unemployment rate equals zero.
• C)the output gap is negative.
• D)the actual unemployment rate is lower than the natural rate of unemployment.

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Definitions:

Collective Unconscious

A concept in psychoanalytic theory referring to a part of the unconscious mind shared among beings of the same species containing universal experiences.

Memories

The mental faculty for recalling or recognizing previous experiences or information.

Behavior Patterns

Behavior patterns refer to recurrent ways of acting or responding that are characteristic of an individual or group.

Dominant Source

The primary or most influential source of information or authority in a given context.