When Actual Output Is Less Than Potential Output,there Is ________

question 144

Multiple Choice

When actual output is less than potential output,there is ________ output gap and the rate of inflation will tend to ________.

• A) an expansionary;increase
• B) an expansionary;decrease
• C) no;remain the same
• D) a recessionary;increase
• E) a recessionary;decrease

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Definitions:

Academic Genius

This term describes an individual with exceptional intellectual ability or academic achievement, often manifesting in breakthrough insights or outstanding scholarly work.

Followed Through

The completion of actions or tasks one has committed to or started.

Creativity

The ability to produce original and valuable ideas or solve problems in novel ways.

Childish Freedom

The liberty experienced by children, characterized by minimal responsibilities and constraints.