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    Essentials of Economics Study Set 4
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    Exam 16: Theory and Reality
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    The Difference Between Full-Employment Output and the Amount of Output
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The Difference Between Full-Employment Output and the Amount of Output

Question 25

Question 25

Multiple Choice

The difference between full-employment output and the amount of output demanded at current price levels is known as the:


A) GDP gap.
B) Deficit gap.
C) Structural deficit.
D) Natural rate of unemployment.

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