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    Principles of Economics Study Set 12
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    Exam 23: The Nature and Causes of Economic Fluctuations
  5. Question
    Potential GDP Represents What Firms Would Want to Produce in "Normal
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Potential GDP Represents What Firms Would Want to Produce in "Normal

Question 36

Question 36

True/False

Potential GDP represents what firms would want to produce in "normal times," when the economy is in neither a recession nor a boom.

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