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.
B
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Most of the unemployment during the Great Depression was cyclical unemployment
a. True b. False Indicate whether the statement is true or false
In the dollar-yen foreign exchange market, if Japanese companies sharply increase their importation of U.S. products, then the:
A. Supply of yen will decrease and the yen will appreciate B. Supply of yen will increase and the yen will depreciate C. Demand for yen will increase and the yen will appreciate D. Demand yen will decrease and the yen will depreciate