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    Real GDP

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    If Real GDP is less than Natural Real GDP, the economy is in____________.
    a. an inflationary gap
    b. a recessionary gap
    c. an unemployment gap
    d. a real gap

    © BrainMass Inc. brainmass.com October 9, 2019, 4:52 pm ad1c9bdddf
    https://brainmass.com/economics/unemployment/42710

    Solution Summary

    Real GDP is clarifed.

    $2.19