In 2009, actual output in the U.S. was 4.7 percent below the potential output. This implies that the:
a. unemployment in the U.S. was below its natural rate.
b. poverty level in the U.S. was below average.
c. there was a recessionary gap in this economy

d. there was an expansionary gap in this economy.
e. there was an excess demand in this economy.


c

Economics

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(a) 1%. (b) 2%. (c) 3%. (d) 4%.

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Indicate whether the statement is true or false

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a. True b. False

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