When the Economy Is in Short-Run Equilibrium, There Will Be

question 80

Multiple Choice

When the economy is in short-run equilibrium, there will be ________ output gap.

• A)no
• B)only a recessionary
• C)either a recessionary or an expansionary
• D)only an expansionary

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Definitions:

Rewards

Incentives or positive reinforcements provided to encourage certain behaviors or outcomes.

Childhood Asthma

A respiratory condition marked by spasms in the bronchi of the lungs, causing difficulty in breathing, commonly starting in childhood.

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Medications used to treat and relieve nasal symptoms of allergies by reducing inflammation.

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An uncomfortable condition of the respiratory tract that can cause symptoms such as coughing or shortness of breath, often due to environmental factors like pollutants.