If $\tilde { Y } _ { t } > 0$

question 24

Multiple Choice

If $\tilde { Y } _ { t } > 0$ , the macroeconomy is:

• A) in a recession
• B) in an expansion
• C) at its potential level of output
• D) Not enough information is given.
• E) None of these answers are correct.

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Definitions:

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An automatic or reflexive reaction to a situation or stimulus, without engaging in deeper thought.

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The process in which a species, family, or larger group of organisms ceases to exist.

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The act of showing and explaining the content of a topic to an audience or learner.