In 2009, Actual Output in the United States Was 4

question 49

Multiple Choice

In 2009, actual output in the United States was 4.6 percent below the potential output. This implies that _____

• A) unemployment in the United States was below its natural rate.
• B) the poverty level in the United States was below average.
• C) there was a recessionary gap in the economy.
• D) there was an expansionary gap in the economy.
• E) there was an excess demand in the economy.

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Definitions:

Nonverbal Behavior

Communication methods other than spoken or written language, such as gestures, facial expressions, and posture.

Intuition

An ability to understand or know something immediately based on instinctive feelings rather than conscious reasoning.

Curiosity

A strong desire to know or learn something.

Workaround

An alternative method of accomplishing a task or solving a problem when the usual process is ineffective or unavailable.