The rate of output at which the price level has no tendency to rise or fall is called the

A) natural rate of output.
B) potential level of income.
C) bliss point.
D) efficient level of output.


A

Economics

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A. the time and skills of the unemployed are not being put to use. B. it can create uncertainty about the future. C. some productive potential of the economy is being wasted. D. All of these are consequences of unemployment.

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In the figure above, what would happen to the size of the multiplier if marginal income tax rates were increased?

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