Actual output is the same thing as...

Actual Output (Y) does not alway equal...

Where does the 'growth trend line', 'potential output' or 'normal output' fit into the market fluctuations diagram?

What is the formula for potential output?

How is the 'output gap' calculated?

How is the 'recessionary gap' calculated?

How is the 'expansionary gap' calculated?

Why is a recessionary gap not a good thing? (2)

Why is an expansionary gap not a good thing? (3)

What is 'full employment'?

'Actual unemployment' (u) does not always equal...

What are the three types of unemployment?

What is the formula for total unemployment (u)?

What is the formula for the natural rate of unemployment (u*)?

How do you calculate cyclical unemployment?