Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

An economy is experiencing a positive output gap. What is occurring to economic growth and the general price level?

  • Ageneral price level falling; economic growth above trend growth rate
  • Bgeneral price level rising; economic growth above trend growth rate
  • Cgeneral price level falling; economic growth below trend growth rate
  • Dgeneral price level rising; economic growth below trend growth rate

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