When Actual Output Is Less Than Potential Output, There Is

question 9

Multiple Choice

When actual output is less than potential output, there is ________ output gap and the rate of inflation will tend to ________.

• A)an expansionary; increase
• B)an expansionary; decrease
• C)a recessionary; decrease
• D)a recessionary; increase

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Definitions:

Communication Process

The series of actions that involve sending and receiving messages through verbal and non-verbal means, including the use of media.

Vermont

A state in the northeastern part of the United States, known for its natural landscapes and being a major producer of maple syrup.

Postage-Paid Reply Card

A pre-addressed and prepaid card included with mailings that recipients can use to respond or request information without incurring postage costs.

Personal Selling

A direct marketing approach where salespeople interact face-to-face with potential customers to present products or services.