Forecasts made by White House economists and economists at the Congressional Budget Office in 2011 project 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
Q185: When the price of oil rises unexpectedly,the
Q189: In the long run
A)GDP > potential GDP.
B)unemployment
Q210: At a short-run macroeconomic equilibrium,real GDP is
Q217: Stagflation occurs when aggregate supply and aggregate
Q218: A decrease in government spending will result
Q229: Using the aggregate supply and demand model,illustrate
Q229: Figure 24-4 Q234: Beginning with long-run equilibrium,use the aggregate demand Q237: Figure 24-4 Q238: Which of the following is not an
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