Multiple Choice
The language of output gaps - recessionary gaps and inflationary gaps -
A) applies only to outcomes of demand shocks.
B) applies only to outcomes of supply shocks.
C) applies to outcomes of both demand shocks and supply shocks.
D) does not apply to outcomes of demand shocks or supply shocks.
E) applies only to economic growth.
Correct Answer:
Verified
Correct Answer:
Verified
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