An Output Gap Is

question 33

Multiple Choice

An output gap is

• A) negative during a recession.
• B) positive during an recession.
• C) negative if real GDP is below potential GDP.
• D) positive if real GDP is below potential GDP.
• E) positive during an expansion.

---

Definitions:

Three-dimensional

Relating to an object or space, three-dimensional means having length, width, and depth, and offering a perception of physical volume.

Rectangular Array

A collection of elements or values arranged in rows and columns, forming a rectangle shape, used in programming and mathematics.

Sequencer Load Instruction

A PLC instruction that loads a sequence of steps or operations to be executed, typically used in sequence control applications.

Data Block

A collection of logically related data items stored together in computer memory or data storage.