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    Macroeconomics Study Set 38
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    Exam 9: An Introduction to the Short Run
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    If Current Output Is Billion and Potential Output
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If Current Output Is Billion and Potential Output

Question 52

Question 52

Multiple Choice

If current output is If current output is   billion and potential output   Billion, then the economy is in a ________ and   Is about ________ percent. A)  recessionary gap; -4.7 B)  boom; 4.7 C)  boom; -4.7 D)  recessionary gap; -5 E)  boom; 5 billion and potential output If current output is   billion and potential output   Billion, then the economy is in a ________ and   Is about ________ percent. A)  recessionary gap; -4.7 B)  boom; 4.7 C)  boom; -4.7 D)  recessionary gap; -5 E)  boom; 5
Billion, then the economy is in a ________ and If current output is   billion and potential output   Billion, then the economy is in a ________ and   Is about ________ percent. A)  recessionary gap; -4.7 B)  boom; 4.7 C)  boom; -4.7 D)  recessionary gap; -5 E)  boom; 5
Is about ________ percent.


A) recessionary gap; -4.7
B) boom; 4.7
C) boom; -4.7
D) recessionary gap; -5
E) boom; 5

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