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  • 29 terms

    Term:

    GDP Gap

    Definition:

    Dollar value of all goods and services not produced domestically due to involuntary joblessness. Y* > Ye Sig: Indicates unemployment as a problem. Way to Measure the economic cost of unemployment.

    • Macro 2 Exam Terms
    • 29 terms
    • Vocabulary for Macro 2 Exam Terms. Find, create, and access Economics, Macroeconomics, Inflation, Monetary Policy, Unemployment flashcards with Course Hero.

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