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10. The output gap in this video would be the same thing as Optional Answers: 1. inflationary or recessionary gap in the book 2. When firms are not using the correct resources to produce goods and services 3. a decrease in cyclical unemployment 4. a change in price level 11. A contraction in the economy is defined as Optional Answers: 1. a decrease in Real GDP 2. a decrease in unemployment

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