When a recessionary gap occurs,
a. Real output exceeds the natural level of output, and...
Business, 22.04.2020 03:56 RealStephani
When a recessionary gap occurs,
a. Real output exceeds the natural level of output, and unemployment exceeds its natural rate
b. Real output exceeds the natural level of output, and unemployment is less than its natural rate.
c. Real output is less than the natural level of output, and unemployment exceeds its natural rate.
d. Real output is less than the natural level of output, and unemployment is less than its natural rate.
Answers: 2
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