The level of output produced when the labor market is in equilibrium is called
A) global production output. B) natural output.
C) product market equilibrium output. D) potential output.
D
Economics
You might also like to view...
An effective price ceiling causes a loss of
A) producer surplus for certain and possibly consumer surplus as well. B) consumer surplus only. C) producer surplus only. D) consumer surplus for certain and possibly producer surplus as well. E) neither producer nor consumer surplus.
Economics
If government spending increased by $100 billion and the MPS within the economy was 0.25, what would be the total impact on real GDP?
a. $25 billion increase b. $75 billion increase c. $133 billion increase d. $400 billion increase
Economics