If Potential Output Equals 3,000 and Short-Run Equilibrium Output Equals

question 75

Multiple Choice

If potential output equals 3,000 and short-run equilibrium output equals 3,500,there is a(n) _________ gap and the Bank of Canada must ________ real interest rates in order to close the gap.

• A) recessionary;raise
• B) recessionary;lower
• C) recessionary;not change
• D) expansionary;raise
• E) expansionary;lower

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Definitions:

Recent Weight Changes

Alterations in body weight over a short period, which may indicate health issues or the effectiveness of a diet or exercise regimen.

Current Stressors

Present or recent external pressures or events that are causing stress or challenging an individual's ability to cope.

Increased Risk

A condition or situation that heightens the likelihood of suffering harm or negative outcomes.

Altered Vital Sign

Any deviation from the normal range of the body's vital signs (temperature, pulse, respiration, and blood pressure) indicating a potential medical condition or health issue.