When real GDP is less than potential GDP, there is ________ which leads the unemployment rate to ________
A) a recessionary gap; rise
B) a recessionary gap; decline
C) an inflationary gap; rise
D) an inflationary gap; remain at the natural level
E) a recessionary gap; remain at the natural level
A
Economics
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According to new growth theory, growth
A) occurs when real GDP greater than the subsistence level. B) depends on the population growth rate. C) is unending. D) ends when competition disappears. E) cannot be sustained without government hel
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Each of the four firms in an industry has a market share of 25 percent. The Herfindahl-Hirschman Index equals
A) 3,600. B) 100. C) 625. D) 25. E) 2,500.
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