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:

Interest Rate

The percentage of an amount of money charged for its use over a specified period of time.

February

The second month of the year in the Julian and Gregorian calendars, usually having 28 days and 29 days in leap years.

Invest

Engaging financial resources with the forecast of producing returns or profitability.

Missing Value

A data point that is lacking or not available in a set of information or dataset.