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In Macroland Potential GDP Equals $20 Billion and Real GDP

Question 63

Multiple Choice

In Macroland potential GDP equals $20 billion and real GDP equals $19.2 billion. Macroland has a(n) ________ gap equal to ________ percent of potential GDP.


A) expansionary; 8
B) expansionary; 4
C) recessionary; −8
D) recessionary; −4

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