Potential GDP is the output of the economy along a smooth path of growth,without strains on production or unused resources.
Correct Answer:
Verified
Q2: A(n)_ is defined as a significant decline
Q3: An important cause of recessions is an
Q4: _ are organized groups of workers that
Q5: The expansion is the period of time
Q6: The pattern of recession,recovery,and expansion is called
Q7: Generally,in a recession,more homes are built.
Q8: Cyclical unemployment happens because
A) businesses make strategic
Q9: What does the phrase "wages are sticky"
Q10: During a recession,business profits decline.
Q11: With a recession under way,consumers have less
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