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

question 42

Multiple Choice

In Macroland,potential output equals $100 trillion and the natural rate of unemployment is 4%.If the actual unemployment rate is 3%,then the output gap equals

• A) - $4 trillion.
• B) - $2 trillion.
• C) - $1 trillion.
• D) $1 trillion.
• E) $2 trillion.

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Definitions:

Otoscope

A medical instrument used by doctors to examine the ear canal and tympanic membrane.

Pathogens

Microorganisms or agents that cause disease when they infect a host organism.

Autoclave

A device used to sterilize equipment and supplies by subjecting them to high-pressure saturated steam at 121 °C for around 15 to 20 minutes.

Sterile Areas

Specific zones within healthcare facilities maintained free from all forms of living microorganisms to prevent infections during medical procedures.