Negative output gap indicates that
A) the actual real GDP is above natural real GDP.
B) the actual real GDP is below natural real GDP.
C) nominal GDP is above real GDP.
D) nominal GDP is below real GDP.
B
Economics
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Indicate whether the statement is true or false
Economics
In the United States, the inflation rate during the past 25 years
A) has, on average, been negative. B) has generally been below 5%. C) has averaged 0%. D) has increased at its fastest pace in history.
Economics