Author Question: Which of the following is most likely to shift the potential output of an economy to the right? a. ... (Read 55 times)

penguins · **on:** Jun 30, 2018

Which of the following is most likely to shift the potential output of an economy to the right?
a. A decline in the length of the average workweek
b. An increase in the supply of educated and skilled workers
c. A drought
d. An increase in aggregate demand
e. An increase in the minimum wage received by workers

Question 2

The equation of exchange states that the quantity of money multiplied by the velocity of money equals:
a. real Gross Domestic Product.
b. the price level.
c. nominal Gross Domestic Product.
d. the turnover rate.
e. the demand for money.