The level of a country's potential output depends on the
A) size of its labour force only.
B) amount of its capital stock,the size of its labour force,and the availability of its natural resources only.
C) availability of its natural resources and the size of its labour force only.
D) factors that determine the efficiency (productivity) of its technology,the amount of its capital stock,and the availability of its natural resources only.
E) size of its labour force,the amount of its capital stock,the availability of its natural resources,and the factors that determine the efficiency (productivity) of its labour forcE.
Correct Answer:
Verified
Q4: Q5: Potential output refers to the amount of 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![]()
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