Multiple Choice
What is potential GDP?
A) It is the level of real GDP in the long run.
B) It is the difference between current GDP and maximum GDP.
C) It is the level of real GDP in the short run.
D) It is the level of GDP at which inflation is constant.
E) It is the maximum output possible in a period of time.
Correct Answer:
Verified
Correct Answer:
Verified
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