Multiple Choice
According to the text, which of the following can be used to approximate potential output?
i. Assume a perfectly smooth trend is passing through the quarter-to-quarter movements in the real GDP.
ii. Survey leading economists.
iii. Gather current data from statistical agencies, such as the Bureau of Economic Analysis.
A) i only
B) ii only
C) ii and iii
D) i and ii
E) iii only
Correct Answer:
Verified
Correct Answer:
Verified
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