Does an Expansionary Gap or a Recessionary Gap Exist If

question 57

Multiple Choice

Does an expansionary gap or a recessionary gap exist if short-run output is $18.0 trillion and potential output is $18.2 trillion?

• A) an expansionary gap
• B) a recessionary gap
• C) both an expansionary gap and a recessionary gap
• D) neither an expansionary gap nor a recessionary gap
• E) The actual gap is equal to potential output.

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Definitions:

Apgar Score

A quick test performed on a newborn at 1 and 5 minutes after birth to assess the baby's heart rate, breathing, muscle tone, reflex response, and color, helping to determine whether the newborn needs further medical assistance.

Immediate Intervention

Urgent action taken to address a problem or crisis situation.

Chest Circumference

A measurement around the thorax or chest area, often used in medical assessments or to determine clothing sizes.

Measuring Tape

A flexible ruler used to measure size or distance, commonly made of cloth, plastic, or metal.