Potential output in an economy decreases as the supply of labor decreases or the capital stock increases
Indicate whether the statement is true or false
FALSE
Economics
You might also like to view...
A credit-driven bubble arises when ________ in lending causes ________ in asset prices which can cause ________ in lending
A) a decrease; a decrease; an increase B) a decrease; an increase; an increase C) an increase; an increase; a further increase D) a decrease; a decrease; a further decrease
Economics
Explain the logic behind the First Theorem of Welfare Economics
What will be an ideal response?
Economics