Potential output refers to the amount of goods and services the economy
A) has produced during the current period.
B) can produce per period,by utilizing available resources at above normal rates.
C) can produce per period,by utilizing available resources at normal rates.
D) can produce per period,by utilizing available resources at below normal rates.
E) produced during the previous period.
Correct Answer:
Verified
Q1: The leftward shift in the LRAS curve
Q2: The aggregate demand curve shows the amount
Q3: Potential output for the current period is
Q4: Q6: Because decreases in the price level increase Q7: The aggregate demand curve shows the relationship Q8: When all prices rise in equal proportion,including Q9: The level of a country's potential output
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