Potential GDP focuses on the:
A) long-run supply side of the economy.
B) long-run demand side of the economy.
C) short-run supply side of the economy.
D) short-run demand side of the economy.
Correct Answer:
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Q2: The sum of personal consumption expenditure,investment expenditure,government
Q3: A lower real interest rate,amount of consumer
Q4: An index based on a mail survey
Q5: Potential GDP is:
A)minimum amount of output that
Q6: Short-run macroeconomic policies concentrate on:
A)minimizing fluctuations around
Q7: Long-run macroeconomic policies concentrate on:
A)minimizing fluctuations around
Q8: The nominal interest rate is 7 percent
Q9: The marginal propensity to consume is defined
Q10: Measuring expenditures and income with the price
Q11: Comparing the situation of a nominal interest
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