A Positive Output Gap Is an Inflationary Gap

question 123

True/False

A positive output gap is an inflationary gap.

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Definitions:

Equal Rights Amendment

A proposed amendment to the U.S. Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex. Despite initial approval, it has not been ratified by the required number of states.

National Woman's Party

A political movement in the early 20th century in the United States that fought for women's suffrage and equal rights through protests, lobbying, and legal challenges.

Alice Paul

A prominent American suffragist and activist who played a key role in the campaign for women’s suffrage, leading to the adoption of the 19th Amendment to the U.S. Constitution.

Fundamentalists

Individuals or groups who strictly adhere to the basic principles of any subject or discipline, often used in the context of religion to describe those who assert the literal interpretation and strict adherence to its doctrines.