Producing an amount of GDP equal to potential GDP is most consistent with the economy producing
A) on the production possibilities frontier.
B) within the production possibilities frontier.
C) beyond the production possibilities frontier.
D) either on or within the production possibilities frontier.
E) either on or beyond the production possibilities frontier.
Correct Answer:
Verified
Q239: Natural unemployment equals the sum of
A)cyclical and
Q240: The natural unemployment rate occurs
A)at the full
Q241: Who is cyclically unemployed?
A)Casey,who lost his job
Q242: At full employment,there is no
A)unemployment.
B)frictional unemployment.
C)structural and
Q243: After the passage of the North American
Q245: Bo's actions would
A)have no impact on the
Q246: Tommy graduates from college and starts to
Q247: When the unemployment rate is less than
Q248: If real GDP exceeds potential GDP,then the
Q249: During a recession,
A)real GDP is equal to
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