The quantity of real GDP supplied at full employment is called
What will be an ideal response?
potential GDP
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In 2017, about what percentage of goods and services sold in the United States was imported?
A. 5 percent B. 15 percent C. 22 percent D. 88 percent
All else equal, at what interest rate would the PDV of a lottery prize that pays $1,000,000 today and $1,000,000 each year for the next 19 years be equal to $10,000,000?
A. 5.26% B. 7.75% C. 8.92% D. 50.00%
A country can attempt to increase its capital stock by
a. shifting resources away from capital goods toward consumer goods b. shifting resources away from human capital goods toward physical capital goods c. shifting resources away from consumer goods toward capital goods d. shifting resources away from physical capital goods toward human capital goods e. shifting resources away from consuming tomorrow toward consuming today
A firm's marginal and average costs may differ in the long and short run because:
A. in the short run all inputs are fixed. B. in the long run all inputs are fixed. C. in the short run all inputs are variable. D. in the long run all inputs are variable.