Multiple Choice
When an economy experiences sustained growth in real GDP,
A) actual GDP is greater than potential GDP.
B) actual GDP is less than potential GDP.
C) potential GDP is likely to be increasing.
D) factor prices are likely to be decreasing.
E) wage rates will decrease slowly as factor-utilization rates decrease.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: If an economy is experiencing neither a
Q48: Which of the following statements about fiscal
Q89: Automatic fiscal stabilizers _ the impact of
Q97: The diagram below shows an AD/AS model
Q98: Consider the AD/AS model.Since output in the
Q98: As the macro economy adjusts from the
Q105: Consider a simple macro model with demand-determined
Q110: Suppose the economy is in macroeconomic equilibrium
Q131: In macroeconomic analysis,the assumption that potential output
Q133: Consider the AD/AS macro model.The study of