The Output Gap Refers to

question 14

Multiple Choice

The output gap refers to

• A)the difference between current output and trend output.
• B)the size of a structural deficit.
• C)the difference between economic growth and the level of inflation.
• D)the difference between the natural rate of unemployment and the claimant count.

---

Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a financial market.