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Author Question: The level of real GDP the economy produces at full employment is A) never reached in reality. B) ... (Read 84 times)

ARLKQ

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on: Jun 30, 2018
The level of real GDP the economy produces at full employment is
 
  A) never reached in reality.
  B) nominal GDP.
  C) called the Lucas level.
  D) real GDP.
  E) potential GDP.

Question 2

The price of pineapples has risen dramatically. Which of the following is likely to happen?
 
  A) The quantity of pineapples supplied will decrease.
  B) The supply of pineapples will increase.
  C) The supply of pineapples will decrease.
  D) The quantity of pineapples supplied will increase.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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kjo;oj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


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