In Macroeconomics,what Is the Output Gap

question 57

Multiple Choice

In macroeconomics,what is the output gap?

• A)the measure of output that could have been produced if the economy were fully employed
• B)the dead-weight loss of inflation
• C)the difference between nominal and real output
• D)the percentage change in real GDP
• E)the difference between Y and Y^*

---

Definitions:

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, known for its rich history and diverse cultures.

Evidence-Based Practice

A decision-making process that integrates the best available research, clinical expertise, and patient values.

Canadian Psychological Association

The professional organization that represents psychologists throughout Canada, aiming to promote psychology as a science, profession, and means of improving human welfare.

Clinical Psychology

A branch of psychology focused on diagnosing and treating mental, emotional, and behavioral disorders.