If potential GDP exceeds actual GDP, then (Select all that apply)O there are unemployed resources in the economy.the economy is operating inside the PPF.the economy is not experiencing full production.O the economy is operating outside the PPF.QUESTION 32According to the economists introduced in this class, economics may be defined as (Select all that apply)A study of how humans interact with each other and the environment to provide for their own survival and health.A method to predict changes in the stock market.A technique of thinking that helps its possessor to draw correct conclusions.The science which studies human behavior as a relationship between ends and scarce means which have alternative uses.O A study of mankind in the ordinary business of life.

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if potential GDP exceeds actual GDP, then (Select all that apply) U there are unemployed resources in the economy. the economy is operating inside the PPF. the economy is not experiencing full production. U the economy is operating outside the PPF.

if potential GDP exceeds actual GDP, then (Select all that apply) U there are unemployed resources in the economy. the economy is operating inside the PPF. the economy is not experiencing full production. U the economy is operating outside the PPF.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 5PA

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Question

If potential GDP exceeds actual GDP, then (Select all that apply)
O there are unemployed resources in the economy.
the economy is operating inside the PPF.
the economy is not experiencing full production.
O the economy is operating outside the PPF.
QUESTION 32
According to the economists introduced in this class, economics may be defined as (Select all that apply)
A study of how humans interact with each other and the environment to provide for their own survival and health.
A method to predict changes in the stock market.
A technique of thinking that helps its possessor to draw correct conclusions.
The science which studies human behavior as a relationship between ends and scarce means which have alternative uses.
O A study of mankind in the ordinary business of life.

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