The rate at which potential GDP rises is called the
A. potential growth rate.
B. GDP peak rate.
C. natural growth rate.
D. real growth rate.
Answer: A
Economics
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The duration of an expansion is measured from:
A. peak to peak. B. peak to trough. C. trough to trough. D. trough to peak.
Economics
Consumption expenditure exceeds disposable income
A) when there is dissaving. B) when there is positive saving. C) always. D) never. E) only when the economy is in equilibrium.
Economics
A decrease in aggregate supply can result in:
a. unemployment. b. demand-pull inflation. c. prosperity. d. cost-push inflation. e. a recession.
Economics
Refer to the saving schedule above. Dissaving occurs when disposable income is:
A. Equal to level 2
B. Less than level 2
C. Greater than level 2
D. Equal to level 3
Economics