The output gap is
A) the difference between target output and realized output.
B) the difference between initial output and final output.
C) the difference between market-clearing output and actual output.
D) the difference between forecasted output and past output.
Question 2
In the IS model, assuming that the real interest rate does not change, an increase in autonomous ________ leads to a decrease in equilibrium saving.
A) investment
B) consumption
C) net exports
D) all of the above
E) none of the above
The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
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