When an Economy Is Experiencing a Negative Output Gap, It

question 33

Multiple Choice

When an economy is experiencing a negative output gap, it means that the:

• A) actual output is less than their potential output.
• B) actual output is more than their potential output.
• C) price level is rising.
• D) price level is falling.

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Definitions:

Homozygous

Referring to an organism possessing two identical alleles for a specific gene, resulting in a uniform expression of that genetic trait.

Down Syndrome

An inherited condition in which individuals have abnormalities of the face, eyelids, tongue, and other parts of the body and exhibit physical and intellectual disability; usually results from trisomy of chromosome 21.

Trisomic

A genetic condition characterized by having three copies of a particular chromosome instead of the normal two.

Colchicine

A drug that blocks the division of eukaryotic cells by binding to tubulin subunits, which make up the microtubules, the major component of the mitotic spindle.