An economy could produce above its potential GDP for a short period of time by
a. reducing the size of the labor force.
b. increasing the price of final goods and services.
c. adding extra shifts of work, such as overtime or night shifts.
d. increasing the money supply.
c
Economics
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In 2006, the European Union imposed antidumping duties of 10% to 16.5% on products imported from China. What were those products?
a. wooden pencils b. shirts c. shoes d. coated paper
Economics
When government outlays exceed tax revenues, does the government have a budget deficit or surplus?
What will be an ideal response?
Economics