Potential real GDP is the output level that
A) would be realized in the absence of structural unemployment.
B) would be realized in the absence of inefficient government programs.
C) is associated with the natural rate of unemployment.
D) is associated with full employment.
E) is associated with economic growth at 0 percent annual inflation.
Correct Answer:
Verified
Q40: What is the main reason that economic
Q41: Which of the following would tend to
Q42: There will be _ pressure on wages
Q43: _ unemployment is short term; _ unemployment
Q46: The natural rate of unemployment describes the
Q47: Which of the following people is cyclically
Q48: Structural unemployment will decline if:
A)more seasonal work
Q48: To avoid confusing _ fluctuations in unemployment
Q49: Potential real GDP minus actual real GDP
A)
Q50: Creative destruction results in _ unemployment.
A) seasonal
B)
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