The Relationship Between the Size of the Negative GDP Gap

question 196

Multiple Choice

The relationship between the size of the negative GDP gap and the unemployment rate is

• A)direct.
• B)inverse.
• C)undefined.
• D)direct during recession but inverse during expansion.

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Hobbes

Refers to Thomas Hobbes, a 17th-century English philosopher known for his political theories, notably the concept of social contract.

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Scholars who develop ideas and theories to explain social phenomena, relationships, and structures within societies.

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Locke

A 17th-century English philosopher, John Locke, known for his contributions to liberalism, political theory, and his theories on mind and consciousness.