Author Question: Refer to the figure above. If the optimal number of machines rented is 100, the market rental price ... (Read 42 times)

ARLKQ · **on:** Jun 29, 2018

Refer to the figure above. If the optimal number of machines rented is 100, the market rental price must be:

A) 3 per month.
B) 4 per month.
C) 5 per month.
D) 7 per month.

Question 2

The relationship between real GDP and potential GDP over the business cycle can be best summarized by which of the following statements?

A) Real GDP fluctuates around potential GDP.
B) Real GDP is always equal to potential GDP.
C) Real GDP cannot be greater than potential GDP.
D) Real GDP cannot be less than potential GDP.
E) Real GDP cannot be equal to potential GDP.