Forecasts made by White House economists and economists at the Congressional Budget Office in 2011 projected that real GDP
A) would return to potential GDP by the end of 2011.
B) would not return to potential GDP until the first quarter of 2013.
C) would not return to potential GDP until 2016.
D) would never return to potential GDP.
Correct Answer:
Verified
Q181: Suppose the economy is at a short-run
Q182: Suppose the economy is at full employment
Q184: A decrease in aggregate demand results in
Q187: Declines in spending on residential construction are
Q188: An increase in aggregate demand in the
Q193: An increase in investment causes the price
Q195: After an unexpected _ in the price
Q196: Interest rates in the economy have risen.How
Q200: Long-run macroeconomic equilibrium occurs when aggregate demand
Q205: Why does the short-run aggregate supply curve
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents