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When the Macroeconomic Equilibrium Is Such That Real GDP Exceeds

question 58

Multiple Choice

When the macroeconomic equilibrium is such that real GDP exceeds potential real GDP,the economy is suffering from ________,and the government policy to eliminate this gap will ________ real GDP and ________ the price level.


Definitions:

Coefficient of Variation

A statistical measure of the dispersion of data points in a data series around the mean, expressed as a percentage.

Index Fund

An investment fund designed to follow certain preset rules so that the fund can track a specified basket of underlying investments.

PHStat

An Excel add-in designed to perform statistical analysis, it provides tools for statistical tests, data analysis, and graphical presentations.

Coefficient of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, calculated as the ratio of the standard deviation to the mean.

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