If the Output Gap Equals -3.2 Percent, Then

question 8

Multiple Choice

If the output gap equals -3.2 percent, then

• A) cyclical unemployment equals the sum of structural and frictional unemployment.
• B) there is a recessionary gap.
• C) there is no cyclical unemployment.
• D) potential GDP is greater than actual GDP.

---

Definitions:

Protean Career

A career path characterized by self-directed, values-driven choices and flexibility, with an emphasis on adaptability and continuous learning.

Interests

Preferences or areas of activity that attract an individual's attention and engagement.

Abilities

The natural or acquired skills and capacities that individuals possess, enabling them to perform specific tasks effectively.

Myers-Briggs Type Indicator

A personality inventory that categorizes individuals into 16 personality types based on preferences in perception and decision-making.