Conditional input demand curves always slope down, but unconditional input demand curves can slope up.
Answer the following statement true (T) or false (F)
False
Rationale: All input demand curves slope down.
Economics
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Economics
Potential GDP is
A) another name for real GDP. B) the amount of real GDP that the economy would produce if it were at full employment of all resources. C) the value of the maximum amount of output that can be produced at any given time. D) the amount of real GDP that the economy would produce if the unemployment rate was zero. E) the amount of real GDP that the economy would produce if all unemployment was cyclical unemployment.
Economics