Suppose Germany's economy is experiencing full employment. This means that, in Germany,
A) real GDP is greater than potential GDP.
B) real GDP is equal to potential GDP.
C) real GDP equals nominal GDP.
D) the unemployment rate is equal to zero.
E) potential GDP is greater than real GDP.
Correct Answer:
Verified
Q28: At full employment, actual-------------equals-------------
A)nominal GDP; potential GDP
B)potential
Q29: Q30: Job rationing occurs when the real wage Q31: Which of the following ideas reflect the Q32: As additional units of labor hours are Q34: If New Zealand is operating at potential Q35: Holding all other influences constant, the quantity Q37: Potential GDP
A)is another name for real GDP.
B)can
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