Economists use the term "potential output" to refer to ________.
A) a level of output that has not yet been achieved
B) the maximum level of output of which an economy is capable
C) the sum of finished goods plus goods in production that will be finished within the year
D) the level of output that occurs when all prices are fully adjusted
E) none of the above
Correct Answer:
Verified
Q2: A countercyclical variable _.
A)moves up during expansions
Q3: The Conference Board does a good job
Q4: Q5: A leading countercyclical variable _. Q6: A recession can manifest itself with _. Q8: Q9: Arthur Burns and Wesley Mitchell first described Q10: A leading variable _. 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
A)reaches a peak
A)a
A)reaches a peak or