Multiple Choice
If actual GDP is less than potential GDP:
A) businesses are producing at maximum capacity.
B) the economy is unable to increase production any further.
C) aggregate expenditure must be less than output.
D) unemployment will rise in the economy.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: For each of the following cases, determine
Q7: From September 2017 to April 2018, South
Q8: Which of the following shows the correct
Q9: If the real rate of interest is
Q10: Which of the following causes shifts in
Q12: In October 2019, the Federal Reserve lowered
Q13: Explain how each of the following events
Q14: In the IS-MP framework, starting from macroeconomic
Q15: For each of the following scenarios, identify
Q16: In June 2019, India imposed a tariff