Multiple Choice
Potential GDP is the level of
A) nominal GDP that the economy would produce if it was at full employment.
B) real GDP that the economy would produce if there was no unemployment.
C) nominal GDP that the economy would produce if there was no inflation.
D) real GDP that the economy would produce if it was at full employment.
E) real GDP that the economy would produce if there was no inflation.
Correct Answer:
Verified
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