Solved

When an Economy's Actual Output Is Greater Than Its Potential

Question 161

Multiple Choice

When an economy's actual output is greater than its potential at some point in time, we say that it is experiencing:

A) a positive output gap.
B) a negative output gap.
C) inflation.
D) deflation.

Related Questions

Q58: When an economy is producing at its

Q152: The relationship between money supply, output, and

Q153: Nominal output is the _ of goods

Q154: If the economy is represented in the

Q155: Central banks, as they conduct monetary policy,

Q156: Inflation is an overall:<br>A) rise in prices

Q158: The lowest possible unemployment rate that will

Q159: When real rates of interest are positive,

Q160: The time, money, and effort one has

Q162: If the value of your savings is