b the discount rate c open market operations Correct d market interest rates

B the discount rate c open market operations correct

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b. the discount rate. c. open-market operations. Correct d. market interest rates. Feedback The correct answer is: open-market operations. Question 11 Correct 2.75 points out of 2.75
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Not flaggedFlag question Question text The difference between the economy's potential output and its actual output relative to its potential output at a point in time is called the: Select one: a. budget deficit. b. trade deficit. c. output gap. Correct d. full-employment rate. Feedback The correct answer is: output gap. Question 12 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text If potential output equals $8 billion and actual output equals $10 billion, then this economy's output gap should be expressed as: Select one: a. $2 billion. b. 20 percent. c. 25 percent. Correct d. -25 percent. Feedback
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The correct answer is: 25 percent. Question 13 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text In a recession, cyclical unemployment: Select one: a. is rising. Correct b. exceeds the natural rate of unemployment. c. is falling. d. equals the natural rate of unemployment. Feedback The correct answer is: is rising. Question 14 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text If real GDP is less than potential GDP, then: Select one: a. the actual unemployment rate is greater than the natural rate of unemployment. Correct b. the actual unemployment rate equals zero.
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c. the output gap is positive. d. the actual unemployment rate is less than the natural rate of unemployment. Feedback The correct answer is: the actual unemployment rate is greater than the natural rate of unemployment. Question 15 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text Typically, the unemployment rate ______ during a recession and ______ during an expansion. Select one: a. rises; rises even more b. rises; falls Correct c. rises; does not change d. falls; rises Feedback The correct answer is: rises; falls Question 16 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text A period in which the economy is growing at a rate significantly below normal is called a(n):
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