A country's actual output ________ its potential output.
A) can never exceed
B) can never fall below
C) can only temporarily exceed
D) is always be approximately equal to
Correct Answer:
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Q55: Workers in durable-goods industries are _ workers
Q56: Typically, the unemployment rate _ during a
Q57: When recessions are the result of slowing
Q58: Recessions tend to be _ by _
Q59: A recession occurs when _, when _,
Q61: If potential output for an economy equals
Q62: If there is 2 percent frictional unemployment,
Q63: In Macroland potential GDP equals $20 billion
Q64: In a recession, the cyclical unemployment:
A)is positive.
B)is
Q65: If the cyclical rate of employment equals
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