Which of the following economists first coined the concept of creative destruction?

The demand curve for labor is negatively sloped only because the firm must lower its price if it wishes to sell more output

Indicate whether the statement is true or false

The gap between potential GDP and real GDP had been as large as 7 percent during the worst of the 2007-2009 recession. By 2015, the gap

A) was positive, with real GDP exceeding potential GDP. B) had been eliminated. C) was still nearly 3 percent. D) remained at 7 percent.