Positive Output Gap Indicates That

question 47

Multiple Choice

Positive output gap indicates that

• A)the actual real GDP is above natural real GDP.
• B)the actual real GDP is below natural real GDP.
• C)nominal GDP is above real GDP.
• D)nominal GDP is below real GDP.

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Definitions:

Likert-Type Scale

A psychometric scale often used in questionnaires, where respondents specify their level of agreement to a statement typically in a five or seven-point scale.

Empathic Responses

Emotional reactions that show an understanding of and compassion for another's situation, feelings, and motives.

Graphic Scale

A measurement tool that uses a line or visual representation to depict the range of responses, allowing individuals to mark their position along the continuum.

Role Play

An educational or therapeutic technique in which individuals act out roles in specific scenarios to learn about themselves, improve skills, or gain understanding of others.