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When actual real GDP is above natural real GDP, we say that

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When actual real GDP is above natural real GDP, we say that

When actual real GDP is above natural real GDP, we say that
A) the output gap is positive.
B) the output gap is negative.
C) the output gap has been eliminated.
D) the output gap cannot be calculated.

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Macroeconomics

Edition: 12^th

Author: Gordon

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Solved The output gap is zero when
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Solved Positive output gap indicates that
Solved Negative output gap indicates that
Solved When actual real GDP output is below full-employment real GDP, the GDP measures the cost of cyclical ...
When there is an inflationary gap:

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