Multiple Choice
In 2009,actual output in the U.S.was 4.7 percent below the potential output.This implies that the:
A) unemployment in the U.S.was below its natural rate.
B) poverty level in the U.S.was below average.
C) there was a recessionary gap in this economy.
D) there was an expansionary gap in this economy.
E) there was an excess demand in this economy.
Correct Answer:

Verified
Correct Answer:
Verified
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