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    Principles of Macroeconomics Study Set 4
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    Exam 10: Money, Prices, and the Federal Reserve
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    Recessionary Gaps Are
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Recessionary Gaps Are

Question 26

Question 26

Multiple Choice

Recessionary gaps are:


A) efficient.
B) inefficient.
C) periods when actual output exceeds potential output.
D) the result a decrease in the growth rate of potential output.

Correct Answer:

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