The level of real GDP in the long run is called
A) potential GDP.
B) short-run GDP.
C) frictional GDP.
D) low-capacity GDP.
Answer: A
Economics
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In the long run, a monopolistically competitive firm has market power but earns no profit.
Indicate whether the statement is true or false.
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If there are 120,000 people employed in Euroland and 35,000 people are unemployed, then the unemployment rate is?
(a) 22.6%; (b) 29%; (c) 35%; (d) None of the above.
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Voluntary programs, direct controls, and emissions taxes are all equally effective ways of controlling pollution.
Answer the following statement true (T) or false (F)
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Entrepreneurship refers to
What will be an ideal response?
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