Multiple Choice
When actual output exceeds potential output, _____
A) more resources become unemployed.
B) prices remain constant.
C) prices tend to increase.
D) nominal GDP decreases.
E) resource prices decrease.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: If nominal wage rates increase by 5
Q19: The actual price level is assumed to
Q57: If the price level increases by 5
Q70: Table 10.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1006/.jpg" alt="Table 10.2
Q71: Which of the following is true about
Q72: A beneficial supply shock such as a
Q76: Which of the following does not influence
Q77: Does an expansionary gap or a recessionary
Q78: Exhibit 10.7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1006/.jpg" alt="Exhibit 10.7
Q132: Which of the following is true of