Which of the following does NOT affect potential GDP?
A) the quantity of money
B) the quantity of labor employed
C) the quantity of capital and human capital
D) the amount of entrepreneurial talent available
E) the quantity of land and natural resources
Correct Answer:
Verified
Q7: Which of the following is true?
A)Aggregate supply
Q8: Moving along the potential GDP line,when the
Q9: The line showing potential GDP is a
Q10: The slope of the aggregate supply curve
Q11: Over a business cycle,the quantities of capital,human
Q13: The aggregate supply curve shows the relationship
Q14: Other things remaining the same,an increase in
Q15: A fall in the real wage rate
Q16: The real wage rate definitely falls if
Q17: An increase in the price level leads
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