The growth rates of actual and potential GDP
a. are similar in both the short and long run.
b. are similar in the short run but not the long run.
c. are similar in the long run but not the short run.
d. are different in both the short and long run.
c
You might also like to view...
What can be expected to happen in a country that enacts trade barriers?
A) The rate of population growth will decrease. B) The rate of economic growth will decrease. C) The rate of immigration will increase. D) The rate of technological innovation will increase.
The Widget Company has estimated the following revenue possibilities for the year:
Sales Probability 100 0.15 150 0.20 220 0.30 290 0.20 310 0.15 a. Find expected revenue. b. Find the standard deviation. c. Find the coefficient of variation.
Using specialized equipment to produce simultaneously a number of similar items
a. leads to economies of scale. b. is the goal of deregulation. c. can only happen in a high technology nation. d. is called economies of scope.
Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1Price per PizzaQuantity Demanded (Pizzas per Month)Quantity Supplied (Pizzas per Month)$31,200 600 61,000 700 9 800 80012 600 90015 4001,000Refer to Table 3.1. In this market there will be an excess demand of 300 pizzas at a price of
A. $6. B. $9. C. $12. D. $15.