At potential GDP...
What will be an ideal response?
unemployment is at its natural rate
You might also like to view...
If Sail Away Cruises offers customers a free cruise ticket with each full priced cruise ticket purchased, this is an example of ________.
A) zero-degree price discrimination B) first-degree price discrimination C) third-degree price discrimination D) second-degree price discrimination
Tom is a castaway who washes up on a remote island. He can kill eight birds per hour or catch ten fish per day. The natives on the island can kill ten birds per day or catch twenty fish per day. The natives have a comparative advantage in: a. hunting birds
b. fishing. c. both hunting birds and fishing d. neither hunting birds or fishing.
The Paris First National Bank now has $1,000 in demand deposits. By making an $800 loan to Matt Taylor, an aspiring entrepreneur, the bank now has
a. $0 in demand deposits b. $200 in demand deposits c. $800 in demand deposits d. $1,000 in demand deposits e. $1,800 in demand deposits
The production possibilities curve represents the fact that:
A) the economy will automatically end up at full employment. B) an economy's productive capacity increases proportionally with its population. C) if all resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced. D) economic production possibilities have no limit.