Multiple Choice
The economy's potential output is
A) the maximum output that could be achieved temporarily during a time of economic boom.
B) the minimum output that could be achieved during a recession.
C) present when 100 percent of the labor force is employed.
D) the maximum sustainable output of the economy given its resources.
Correct Answer:
Verified
Correct Answer:
Verified
Q168: Cyclical unemployment<br>A) is caused by changes in
Q169: Which of the following about inflation is
Q170: Older Americans living on a pension and
Q171: Regarding inflation, which of the following is
Q172: The natural rate of unemployment is not
Q174: A decrease in aggregate demand and the
Q175: When the inflation rate of a country
Q176: Suppose the official unemployment rate is 10
Q177: When people become unemployed because of a
Q178: Suppose that the consumer price index at