Suppose Germany's economy is experiencing full employment.This means that,in Germany,
A) the unemployment rate is equal to zero.
B) real GDP is equal to potential GDP.
C) real GDP is greater than potential GDP.
D) potential GDP is greater than real GDP.
E) real GDP equals nominal GDP.
Correct Answer:
Verified
Q2: Suppose an economist stated that Brazil had
Q3: The level of real GDP the economy
Q4: The idea that potential GDP is the
Q5: If the economy is fully employed,which of
Q6: The Lucas Wedge is estimated to
A)total over
Q8: According the Keynesian macroeconomic model,which of the
Q9: Which of the following ideas reflect the
Q10: The Keynesian macroeconomic model states that
A)the economy
Q11: Potential GDP is
A)equal to the maximum amount
Q12: Potential GDP
A)is the same as real GDP.
B)is
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