Potential output is:
A) the same as actual output.
B) the same as the output gap.
C) the same as the natural rate of unemployment.
D) the maximum sustainable amount of output.
Correct Answer:
Verified
Q42: An expansion occurs when either _ or
Q42: When actual output is less than potential
Q43: Recessions tend to be _ by _
Q44: Changes in the growth rate of potential
Q44: If potential output equals $8 billion and
Q46: Which of the following workers is least
Q49: A country's actual output _ potential output.
A)
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Q74: If potential output equals $8 billion and
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