Multiple Choice
Potential GDP is represented by points 1 inside the macro PPF.
2 outside the macro PPF.
3 on the macro PPF.
4 to the left of LAS.
5 to the right of LAS.
6 on LAS.
A) 1 and 4
B) 1 and 5
C) 2 and 4
D) 2 and 5
E) 3 and 6
Correct Answer:
Verified
Related Questions
Q13: The short run is a period of
Q14: Figure 6.3.1 Q15: The long-run aggregate supply curve (LAS) is Q16: Full employment is represented by points 1 Q17: The targets for a macro economy that![]()
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