The potential level of real GDP is the level of output a society can achieve when labor is employed at its natural level.

An arrangement in which Kathleen sells some of her barley when it is planted, with the promise to deliver it and receive payment after it is harvested, is called

A) a savings contract. B) a deferred private bond. C) a futures contract. D) a commodity transfer.

In the U.S. the number of households is:

a. Growing b. Staying the same c. Decreasing slowly d. Decreasing at a fast rate