Advanced Placement (AP), 03.04.2021 20:00 PrisonKing9334
At the current equilibrium real GDP, there is a recessionary output gap. Which of the following must be true?
There is no cyclical unemployment.
The economy is expanding.
The economy is at full employment.
The actual unemployment rate is higher than the natural rate.
There is inflation that is higher than expected.
(this is an ap macroeconomics question)
Answers: 1
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At the current equilibrium real GDP, there is a recessionary output gap. Which of the following must...
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