When the Output Gap Is Positive, It Represents ________ Gap

question 193

Multiple Choice

When the output gap is positive, it represents ________ gap, and when it is negative, it represents ________ gap.

• A) a recessionary; an inflationary
• B) an inflationary; an employment
• C) an inflationary; a recessionary
• D) an employment; an unemployment

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Definitions:

Lessee Must Continue Paying Rent

A legal principle that obligates a tenant to continue paying rent for the leased property regardless of any disputes unless explicitly excused by law.

Legal Possession

The condition of having legal control over an object, property, or title, recognized by law.

Previous Tenant

An individual or entity that occupied a property or space prior to the current occupant.

Rent Payments

The amount of money paid periodically by a tenant to a landlord in exchange for the use of land or property.