QUESTION 8 Match the following statements to their correct answers. The output gap is positive The output gap is negative The output gap is about zero the output gap is increasing The output gap is decreasing a. The macroeconomy is relatively weak and at a level below where it can be in the long run b. The macroeconomy is "just right" at a level that is "about right" for the long run c. The macro economy is getting weaker and growing slower than it can in the long run d. The macroeconomy is relatively strong and at a level below where it can be in the long run e. The macro economy is getting stronger and growing faster than it can in the long run

QUESTION 8 Match the following statements to their correct answers. The output gap is positive The output gap is negative The output gap is about zero the output gap is increasing The output gap is decreasing a. The macroeconomy is relatively weak and at a level below where it can be in the long run b. The macroeconomy is "just right" at a level that is "about right" for the long run c. The macro economy is getting weaker and growing slower than it can in the long run d. The macroeconomy is relatively strong and at a level below where it can be in the long run e. The macro economy is getting stronger and growing faster than it can in the long run

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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