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If Real Equilibrium GDP Is Above Potential GDP,expansionary Fiscal Policy

question 167

True/False

If real equilibrium GDP is above potential GDP,expansionary fiscal policy should be pursued.

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Definitions:

Biconditional

A logical connective specifying that two statements are true or false together.

Contradictory Statements

Statements that cannot both be true at the same time because they express opposite assertions.

Antecedent

In logic and grammar, an antecedent is the first part of a conditional statement, the "if" portion, determining the conditions under which the subsequent statement holds true.

Conditional

Relating to a statement or proposition that expresses a condition, often formulated as "if-then" statements.

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