An Expansionary Gap Is Equal to

question 103

Multiple Choice

An expansionary gap is equal to

• A)real GDP minus nominal GDP
• B)nominal GDP minus real GDP
• C)actual short-run output minus potential output
• D)this period's nominal GDP minus last period's nominal GDP
• E)this period's real GDP minus last period's real GDP

---

Definitions:

B2B Transactions

Business-to-business dealings that involve the exchange of goods, services, or information between companies rather than between companies and consumers.

Chemical Supply Company

A business that specializes in the distribution of chemicals for industrial, research, or consumer use.

Web Developer

A professional who specializes in the development of applications and solutions for the Internet, ranging from websites to services accessed via web browsers.

Hand Picker

An interface tool or device designed to simulate hand gestures or movements, often used in virtual reality or graphic design applications.