A Recessionary Output Gap Implies That

question 104

Multiple Choice

A recessionary output gap implies that

• A)the demand for all factor services will be relatively low.
• B)the intersection of AD and AS occurs where real GDP exceeds potential output.
• C)the economy's resources are being used at more than their normal capacity.
• D)there is upward pressure on wages.
• E)there is excess demand for most factors of production.

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Definitions:

Alkane Name

The systematic naming of alkanes follows the IUPAC nomenclature, typically ending in "-ane" and beginning with a prefix indicating the number of carbon atoms.

IUPAC Name

The systematic naming of chemical compounds as per the rules established by the International Union of Pure and Applied Chemistry.

Alkane Name

The systematic nomenclature for saturated hydrocarbons, where names are derived from the number of carbon atoms in the molecule, e.g., methane, ethane, propane.

Compound Name

The designation or label given to a chemical substance based on its composition and structure.