The level of real GDP in the long run is called
A) frictional GDP. B) potential GDP.
C) low-capacity GDP. D) short-run GDP.
B
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Use the following balance sheet for the ABC National Bank in answering the next question. Assume the required reserve ratio is 20 percent.AssetsLiabilities & Net WorthReserves$27,000 Checkable Deposits$110,000Loans50,000 Stock Shares200,000Securities33,000 Property200,000?Refer to the above data. This bank can safely expand its loans by a maximum of:
A. $5,000. B. $12,000. C. $7,000. D. $25,000.
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
The Baker Plan emphasized renewed commercial bank loans as a way to restart capital flows to Latin America
Indicate whether the statement is true or false
The full-employment level of GDP is
A. endowments. B. long-run aggregate supply. C. economic growth. D. long-run aggregate demand.