In the macroeconomic short run

What will be an ideal response?


actual real GDP may be less than or more than potential GDP.

Economics

You might also like to view...

In the above figure, between 20 and 25 units per hour, the firm experiences

A) economies of scale. B) diseconomies of scale. C) constant returns to scale. D) increasing total fixed costs.

Economics

Those living in the poorest quartile of countries would like to emigrate because:

A. earnings are higher for the same skill level in richer countries. B. the opportunities to gain more education are higher in richer countries. C. the cost of living is lower in richer countries. D. All of these statements are true.

Economics

Under a communist system,

A. consumer decisions are not influenced by prices. B. resources are owned and controlled by the government. C. individual freedom is maximized. D. the market guides resources, but the state dictates what should be produced.

Economics

Transferring entries from a journal to the ledger is called ___

Fill in the blank(s) with correct word

Economics