From the Keynesian perspective, when during a recession the quantity supplied is greater than the quantity demanded in the market for some goods and services, there is
A) a decline in potential GDP.
B) a decline in potential GDP relative to real GDP.
C) a decline in real GDP relative to both nominal GDP and potential GDP.
D) a decline in real GDP relative to potential GDP.
D
Economics
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In a country with a working-age population of 200 million, 140 million people are employed and 20 million are unemployed. The size of the labor force is
A) 200 million. B) 160 million. C) 140 million. D) 20 million. E) 120 million.
Economics
Briefly describe economic growth in Latin America from 1900 to the 1980s
What will be an ideal response?
Economics