Potential output is the
A) same as actual output.
B) same as the output gap.
C) same as the natural rate of unemployment.
D) amount of output produced when resources are used at normal rates.
E) amount of output produced when there is an expansionary gap.
Correct Answer:
Verified
Q42: Which of the following statements is NOT
Q43: If potential output equals $8 billion and
Q44: If potential output equals $8 billion and
Q45: When actual output is greater than potential
Q46: According to IMF data,the Japanese slump of
Q48: Workers in _ industries are more likely
Q49: The difference between the economy's actual output
Q50: The output gap is the difference between
A)
Q51: The amount of output produced when resources
Q52: If potential output equals $5 billion and
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