Suppose Actual Output Is Less Than Potential Output

question 41

Multiple Choice

Suppose actual output is less than potential output.If the output gap measures the output loss due to the failure to achieve full employment,it can generally be concluded that the larger this output gap,the

• A)greater is the employment rate.
• B)greater is the unemployment rate.
• C)lower is frictional unemployment.
• D)lower the deadweight loss of unemployment.
• E)more upward pressure there is on prices.

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Definitions:

Cognitive Processes

The mental actions or operations involved in acquiring knowledge and understanding through thought, experience, and the senses.

Categorization Task

Involves grouping items into categories based on shared characteristics or features, facilitating organization and recognition of similar objects or concepts.

Greenfield

A refers to Patricia Greenfield, a psychologist known for her work on cultural effects on cognitive development.

Wolof Children

Refers to young individuals from the Wolof ethnic group, primarily found in Senegal, Gambia, and Mauritania, often studied in cross-cultural research on language and development.