In Macroland,potential Output Equals $100 Trillion and the Natural Rate

question 125

Multiple Choice

In Macroland,potential output equals $100 trillion and the natural rate of unemployment is 4%.If the actual unemployment rate is 5%,then the output gap equals

• A) - $2 trillion.
• B) - $1 trillion.
• C) $1 trillion.
• D) $2 trillion.
• E) $9 trillion.

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Definitions:

Gender Roles

Cultural and societal norms dictating the behaviors, activities, expectations, and opportunities appropriate for men and women based on their gender.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.

Race and Gender

Intersecting social categories that significantly affect an individual's life experiences, opportunities, and identity, particularly in contexts of discrimination and inequality.

Interaction Patterns

The recurring ways in which individuals interact and communicate with each other in their social environments, shaping relationships and social dynamics.