If Real GDP Is Less Than Natural Real GDP,the Economy

question 30

Multiple Choice

If Real GDP is less than Natural Real GDP,the economy is in

• A) an inflationary gap.
• B) a recessionary gap.
• C) an unemployment gap.
• D) a real gap.

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Definitions:

Coral Reefs

Underwater ecosystems characterized by reef-building corals, which are colonies of tiny living animals found in marine waters that contain few nutrients.

Promote Growth

Activities or substances that encourage or stimulate development or enlargement.

Continental Slope

The continental slope is the steep incline between the outer edge of the continental shelf and the deep ocean floor.

Numbered Features

Refers to geological or natural features that are identified or classified through a numerical system.