At full employment, actual ________ equals ________
A) real GDP; potential GDP
B) real GDP; nominal GDP
C) unemployment; zero
D) potential GDP; nominal GDP
E) nominal GDP; potential GDP
A
Economics
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The share of GDP going to federal taxes
a. has been about 16 to 20 percent for the past 40 years. b. has been about 35 percent for the past 40 years. c. was about 40 percent until the early 1980s and has dropped greatly since then. d. has risen steadily in the past 40 years to about 35 percent.
Economics
The classical economists believed __________ determined savings, while Keynes said it was __________
A) interest rates; income B) income; investment C) investment; interest rates D) interest rates; investment
Economics