If Equilibrium GDP Is Greater Than Full Employment GDP There

question 72

Multiple Choice

If equilibrium GDP is greater than full employment GDP there is

• A)an inflationary gap.
• B)a recessionary gap.
• C)both an inflationary gap and a recessionary gap.
• D)neither an inflationary gap nor a recessionary gap.

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Definitions:

Tactical Plans

Short-term actions and strategies designed to achieve specific goals within a limited time frame.

Current Needs

The immediate requirements or demands of a situation, organization, or individual that need to be addressed.

Human Resource Audits

A comprehensive examination of an organization's HR policies, procedures, and practices to ensure compliance, efficiency, and effectiveness.

Replacement Charts

Visual representations of who will replace whom when a job opening occurs.