Potential GDP is an estimate of the economy's ability to produce goods and services if the
a. labor force is fully employed.
b. price level is stable.
c. trade balance is zero.
d. federal budget is balanced.
a
Economics
You might also like to view...
Producing leather creates external costs in the form of water pollution. The figure above illustrates the market for leather. If the government sets a pollution limit that achieves efficiency, how many tons of leather are produced?
A) 0 tons B) 200 tons C) 300 tons D) more than 300 tons E) more than 0 tons and less than 200 tons
Economics
How do product development and marketing affect a firm in monopolistic competition?
What will be an ideal response?
Economics