Solved

When Actual Output Is Greater Than Potential Output There Is

Question 122

Multiple Choice

When actual output is greater than potential output there is a(n) :

A) budget deficit.
B) budget surplus.
C) expansionary gap.
D) recessionary gap.

Related Questions

Q114: If potential output for an economy equals

Q115: When actual output is less than potential

Q116: Refer to the accompanying figure. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6547/.jpg"

Q117: In a recession, the cyclical unemployment:<br>A)is positive.<br>B)is

Q118: The following data give the dates

Q119: Economic activity moves from a period of

Q120: Compared to older workers, younger workers change

Q121: When there is a recessionary gap, capital

Q123: The duration of an expansion is measured

Q124: According to Okun's law, when cyclical unemployment