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Economics - Theme 2 (Macro Economics) > 2.5.2 - Output Gaps > Flashcards

2.5.2 - Output Gaps Flashcards

1
Q

What is an Output Gap?

A
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2
Q

What is the Trend Growth Rate?

A
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3
Q

What is Actual GDP

A
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4
Q

What is a Positive Output Gap?

A
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5
Q

What is a Negative Output Gap?

A

Occurs when economic growth is below the sustainable potential

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Economics - Theme 2 (Macro Economics) (24 decks)

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