Potential GDP is the level of aggregate output Select one: a. that can be sustained in the long run without inflation b. that can be produced if structural unemployment is zero O c. that can be produced at a zero unemployment rate O d. that can be sustained in the long run, if the capacity utilization is below 100%
Potential GDP is the level of aggregate output Select one: a. that can be sustained in the long run without inflation b. that can be produced if structural unemployment is zero O c. that can be produced at a zero unemployment rate O d. that can be sustained in the long run, if the capacity utilization is below 100%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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