Answered: A recession will occur if an economy’s…

A recession will occur if an economy’s actual GDP ____ its potential GDP. a. rises above b. equals c. grows faster than d. falls below

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Classical Macro Economics And The Self Regulating Economy

Section: Chapter Questions

Problem 7WNG

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Question

A recession will occur if an economy’s actual GDP ____ its potential GDP.

	a.	rises above
	b.	equals
	c.	grows faster than
	d.	falls below

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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