Potential GDP is reached when
A) unemployment is zero.
B) there is no cyclical unemployment.
C) unemployment is above full employment.
D) unemployment is below full employment.
E) the natural unemployment rate equals zero.
B
Economics
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When average costs of production are falling, average cost:
a. is higher than marginal cost. b. is equal to price. c. is negative. d. is less than marginal cost.
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Why did the U.S. government use rationing for some foods and consumer goods during World War III?
a) to guarantee each civilian a minimum standard of living in wartime b) to keep sellers from raising prices on necessary goods c) because the English government had also decided on rationing d) to earn more money to support the military
Economics