Suppose an economist stated that Brazil had achieved its potential GDP 2008. This would imply that at this level of real GDP, Brazil experienced
A) peak in its business cycle in 2008.
B) unemployment equal to zero.
C) inflation equal to zero.
D) full employment.
E) a negative Okun Gap.
Correct Answer:
Verified
Q1: Which of the following would have the
Q4: The idea that potential GDP is the
Q5: If the economy is fully employed,which of
Q9: Which of the following ideas reflect the
Q11: The level of real GDP the economy
Q11: Potential GDP is
A)equal to the maximum amount
Q12: The Lucas Wedge is estimated to
A)total over
Q15: Potential GDP is
A)the same as real GDP.
B)the
Q17: The level of real GDP the economy
Q39: At any given time,which factor of production
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