A recessionary gap develops:
a. when actual output exceeds potential output

b. when resource prices are "sticky" upward.
c. only when the economy is in recession.
d. only when GDP grows by more than 4 percent.
e. only when unemployment exceeds its natural rate.


e

Economics

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What will be an ideal response?

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At what stage of the securitization process was moral hazard a major problem?

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Economics