Multiple Choice
In the long run, increases in potential GDP are possible only if there is
A) growth in the supply of available factors or growth in factor productivity.
B) continuous growth in the saving rate.
C) an increase in the unemployment rate.
D) an increase in the general price level.
E) no government interference with the market system.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: An increase in potential GDP would most
Q14: The utilization rate for physical capital is
Q15: An estimate for the value of potential
Q16: Which of the following policies is most
Q17: Many economists argue that Japan's remarkable long-
Q19: Changes in any of the following variables
Q20: A low factor- utilization rate describes _
Q21: An economy's current GDP is $100 billion,
Q22: Changes in factor supplies have little influence
Q23: For the economy as a whole, high