Potential GDP refers to a. the level of output that an economy can produce when all resources (land, labor, capital, and entrepreneurial ability) are fully employed. b. the level of output that an...


Potential GDP refers to






















a. the level of output that an economy can produce when all resources (land, labor, capital, and entrepreneurial ability) are fully employed.
b. the level of output that an economy can produce when all resources (land, labor, capital, and entrepreneurial ability) are not fully employed.
c. an abstract conception developed by economists.
d. an unreal expectation of the government.



Jun 10, 2022
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