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Which of the Following Is True of the Concept of Economic

Question 52

Multiple Choice

Which of the following is true of the concept of economic capacity?


A) It is equal to actual GDP.
B) It is very expensive for an economy to produce at a higher level of output.
C) It is impossible for an economy to produce at a higher level of output.
D) It is the amount firms prefer to produce at any price level.
E) It will always increase over time.

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