What does it mean when the output gap is negative? What does it mean when it ispositive?
Question
What does it mean when the output gap is negative? What does it mean when it ispositive?
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Solution 1
The output gap is a key economic indicator that measures the difference between an economy's actual output and its potential output at a given point in time.
- Negative Output Gap: A negative output gap indicates that the actual output is less than the potential output. This situation typically o Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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