Multiple Choice
If the GDP gap is positive, then
A) the inflation rate is falling.
B) the unemployment rate is rising.
C) potential GDP is greater than actual GDP.
D) actual GDP is greater than potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q288: Which phase of the business cycle would
Q289: Unanticipated inflation helps some groups in the
Q290: Search unemployment is another way to describe<br>A)
Q291: Cost-of-living adjustment clauses (COLAs)<br>A) invalidate the "rule
Q292: A large negative GDP gap implies<br>A) an
Q293: When a recession begins and unemployment begins
Q294: Between 1980 and 2000, the price level
Q295: During a period of hyperinflation,<br>A) creditors gain
Q296: Core inflation measures<br>A) changes in the prices
Q297: The unemployment rate is interpreted as the