Multiple Choice
Most economists agree that an automatic mechanism brings the economy back to potential GDP in the long run.In mid-2011,two years after the recession of 2007-2009 had ended,real GDP in the United States
A) had returned to potential GDP.
B) had exceeded potential GDP by 1.5 percent.
C) remained more than 7 percent below potential GDP.
D) was predicted to never return to potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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