Multiple Choice
The output gap shows the deviation of actual output from potential output and it
A) may be either positive or negative
B) will always be positive
C) increases as the unemployment rate decreases
D) becomes negative if the labor force grows faster than actual output
E) increases if inflation increases
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Looking at the performance of the U.S.economy
Q3: Which of the following is FALSE in
Q4: Labor is fully employed when<br>A)everyone is working
Q5: Macroeconomics does NOT focus on<br>A)policies that affect
Q6: In the very short run, the level
Q7: If we look at inflation as measured
Q8: The position of the AS-curve depends on<br>A)fiscal
Q9: As the economy enters a boom we
Q10: Real GDP can grow over time because
Q11: Which of the following is NOT dealt