When Actual Output Exceeds Potential Output, There Is ______ Output

question 90

Multiple Choice

When actual output exceeds potential output, there is ______ output gap and the inflation rate will ____.

• A)an expansionary; exceed the expected rate of inflation
• B)an expansionary; be lower than the expected rate of inflation
• C)no; be equal to the expected rate of inflation
• D)a recessionary; exceed the expected rate of inflation

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Definitions:

Person

An individual human being.

Avoid Payment

The act of intentionally preventing or escaping the obligation to pay for a service or fee.

Cycle Billing

A billing process where customers are assigned to groups, and invoices are sent out to each group at different times throughout the month.

Large Medical Practices

Medical organizations or groups with a significant number of healthcare professionals providing a wide range of medical services.