In any year, real GDP
A) must always be less than potential GDP.
B) might be greater or less than potential GDP.
C) will always be greater than potential GDP because of the tendency of nations to incur inflation.
D) always equals potential GDP.
B
Economics
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The largest single component of M2 is
A) currency held by the public. B) money market mutual funds. C) demand deposits. D) savings deposits.
Economics
An economy's resources: a. include land, labor, capital, and entrepreneurial skills
b. are unlimited in a country like the United States. c. are always efficiently utilized in wealthy nations. d. consist of land, labor and capital, but not entrepreneurial skills.
Economics