Potential GDP is the
A) the maximum amount of production that can be produced while avoiding shortages of labor, capital, land, and entrepreneurship that would bring rising inflation.
B) value of production when the economy is in a recession.
C) current value of production in the economy.
D) value of production when the economy is at a peak.
Correct Answer:
Verified
Q188: Which of the following is NOT
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)
Q194: Potential GDP is
A) always different from real
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
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