In 2009,actual Output in the U

question 65

Multiple Choice

In 2009,actual output in the U.S.was 4.7 percent below the potential output.This implies that the:

• A)unemployment in the U.S.was below its natural rate.
• B)poverty level in the U.S.was below average.
• C)there was a recessionary gap in this economy.
• D)there was an expansionary gap in this economy.
• E)there was an excess demand in this economy.

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