Multiple Choice
Potential output is defined as:
A) the amount of total output if all inputs were utilized at their long-run, sustainable levels.
B) what an economy produces when it is at capacity.
C) the current level of output.
D) the amount of output where inflation is zero.
E) the level of output when unemployment is 10 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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