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QUESTION
An output (recessionary) gap occurs when: Import tariffs reduce consumption B. Actual output (GDP) exceeds potential output. Taxes on corporate...
An output (recessionary) gap occurs when:
A. Import tariffs reduce consumption
B. Actual output (GDP) exceeds potential output.
C. Taxes on corporate profits undermine incentives to invest.
D. Actual output (GDP) falls below potential output.
