When Actual GDP Goes Below Potential GDP,it Means That

question 22

Multiple Choice

When actual GDP goes below potential GDP,it means that

• A) Economic activity has increased.
• B) Inflation is imminent.
• C) Economic activity has slowed.
• D) Deflation is imminent.

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Definitions:

Mortgage

An agreement made between a debtor and a creditor in which the title to property of the debtor is transferred to the creditor as security for payment of the debt.

Secured

Protected by collateral or a guarantee, often referring to loans or obligations.

Unregistered Mortgage

A mortgage that has not been formally recorded with the relevant legal or government authorities, potentially affecting its enforceability.

Default

The failure to fulfill a legal obligation, such as not making a payment on a loan.