Long-run macroeconomic policies concentrate on:
A) minimizing fluctuations around potential GDP.
B) maximizing fluctuations around potential GDP.
C) incentives for increasing productivity and the potential output of the economy.
D) none of the above.
C
Economics
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If the inflation rate is 2 percent and nominal wages increase by 1 percent, what happens to real wages?
a. They rise by 1 percent. b. They fall by 1 percent. c. They remain constant. d. They fall by 2 percent. e. They rise by 3 percent.
Economics
The collection of statutes aimed at curbing monopoly power is called
a. the 14th amendment. b. the Clayton Act. c. the Sherman Act. d. antitrust law.
Economics