Which of the following statements best describes how the COVID-19 pandemic affected US real GDP? A) Real GDP rises above its natural level B) Real GDP remains at its natural level C) Real GDP falls below its natural level D) Impossible to say without more information.

Which of the following statements best describes how the COVID-19 pandemic affected US real GDP? A) Real GDP rises above its natural level B) Real GDP remains at its natural level C) Real GDP falls below its natural level D) Impossible to say without more information.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section: Chapter Questions

Problem 1QP

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Question

Which of the following statements best describes how the COVID-19 pandemic affected US real GDP?

A) Real GDP rises above its natural level

B) Real GDP remains at its natural level

C) Real GDP falls below its natural level

D) Impossible to say without more information.

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