Full-employment equilibrium occurs when
A) real GDP exceeds potential GDP.
B) real GDP equals potential GDP.
C) potential GDP exceeds real GDP.
D) None of the above answers are correct.
B
Economics
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For legal purposes, a corporation is treated as
a. an individual. b. a nonprofit organization. c. a partnership. d. a limited partner in a partnership.
Economics
For a typical natural monopoly, average total cost is
a. falling, and marginal cost is above average total cost. b. falling, and marginal cost is below average total cost. c. rising, and marginal cost is below average total cost. d. rising, and marginal cost is above average total cost.
Economics