Full-employment output is also called
A) potential output. B) national output. C) natural output. D) target output.
A
Economics
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Suppose bad weather decreases the wheat harvest by 12 percent. If the price elasticity of demand for wheat is 0.6, how would the crop failure affect the price of wheat? Would the crop failure benefit or harm wheat farmers?
What will be an ideal response?
Economics
The supply of loanable funds comes, in part, from
a. consumer saving b. business investment c. the federal government d. current consumption e. future consumption
Economics