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question 64

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Use the following to answer questions: Use the following to answer questions:   -(Figure: Output Gap) Refer to Figure: Output Gap.If the economy is producing at Y<sub>2</sub>,then it has a(n) _____ gap,as _____ real GDP exceeds _____ real GDP,and the Bank of Canada should use _____ monetary policy. A)  recessionary;actual;potential;expansionary B)  recessionary;potential;actual;expansionary C)  inflationary;actual;potential;contractionary D)  inflationary;potential;actual;contractionary
-(Figure: Output Gap) Refer to Figure: Output Gap.If the economy is producing at Y2,then it has a(n) _____ gap,as _____ real GDP exceeds _____ real GDP,and the Bank of Canada should use _____ monetary policy.


Definitions:

Social Control

The methods and strategies used by groups and societies to encourage conformity to norms and laws, ranging from informal sanctions to formalized legal systems.

Precipitating Incident

An event that directly causes an action or series of actions, especially within the context of a narrative or in triggering social change.

Occupy Movement

A global protest movement against social and economic inequality that began in 2011, best known for its initial occupation of Wall Street in New York City.

Protest Crowd

A gathering of individuals who come together to express dissent or demand action concerning social, political, or environmental issues, often in a public setting.

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