The difference between actual real GDP and potential GDP
a. decreases as the unemployment rate rises.
b. increases as the unemployment rate rises.
c. increases as the employment rate rises.
d. decreases as the labor force increases.
B
You might also like to view...
What is the difference between average total cost and marginal cost and are they ever equal to each other?
What will be an ideal response?
A market structure in which the decisions of individual buyers and sellers have no effect on market price is
A) perfect competition. B) a short-run industry. C) a long-run industry. D) a market supply industry.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point F
A. is efficient and attainable. B. cannot be produced with the current state of technology. C. represents underallocation of resources. D. represents what the people want.
Of the following, the most rapid rise in health care costs in the United States can be attributed to
A) the cost of malpractice insurance. B) the cost to treat uninsured patients. C) slow growth in labor productivity in health care. D) the cost of malpractice lawsuit settlements.