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 labour, capital, land and entrepreneurship that would bring rising inflation.
Correct Answer:
Verified
Q67: In any year, real GDP
A)always equals potential
Q68: Net exports of goods and services equal
Q69: Gross private domestic investment is all purchases
Q70: Gross domestic product is a measure of
Q71: The business cycle refers to
A)changes in the
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