If the government increases unemployment benefits, then the equilibrium amount of employment ________ and potential GDP ________

If actual output equals potential output, unusually slow potential output growth would tend to result in:

A. a recession. B. an output gap. C. an expansion. D. a recessionary gap.

Until the mid-1970s, U.S. imports and exports were a relatively ______ percent of domestic output.

Fill in the blank(s) with the appropriate word(s).