The difference between the lowest price a firm would have been willing to accept and the price it actually receives from the sale of a product is called

The Economic Freedom Index includes which of the following measures of economic freedom within a nation?

A) Levels of economic regulation B) Freedom of pricing C) Stability of monetary policy D) Taxation levels E) All of the above.

Which of the following is not an assumption made by the dynamic model of aggregate demand and aggregate supply?

A) Potential real GDP increases continuously. B) The aggregate demand curve shifts to the right during most periods. C) The short-run aggregate supply curve shifts to the right except during periods when workers and firms expect higher wages. D) Aggregate demand and potential real GDP decrease continuously.