Potential GDP is
A) always different from real GDP.
B) another name for real GDP.
C) the level of GDP not adjusted for price changes.
D) the maximum amount of GDP that can be produced while avoiding shortages of labor, capital, land, and entrepreneurship that would bring rising inflation.
Correct Answer:
Verified
Q189: In any year, real GDP
A) always equals
Q190: In any year, real GDP
A) will always
Q191: Gross private domestic investment is a component
Q192: _refers to a period when the _decreases.
A)
Q193: Potential GDP is the
A) the maximum amount
Q195: _gross domestic product is the value of
Q196: Which of the following is TRUE regarding
Q197: Suppose an economy has some inflation. Then,
Q198: The business cycle refers to
A) changes in
Q199: Potential GDP is
A) a goal that can
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