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Author Question: How much a country's economy will produce at its potential output is also called: a. the trough of ... (Read 46 times)

Yi-Chen

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on: Jun 30, 2018
How much a country's economy will produce at its potential output is also called:
 a. the trough of the business cycle.
  b. its economic welfare.
 c. the trend line.
 d. the natural rate of output.

Question 2

A combination of two goods which lies beyond the production possibilities curve indicates:
 a. underutilization of resources.
 b. overutilization of resources.
 c. constant opportunity costs.
 d. a combination that cannot be produced with existing resources.
  e. society's most preferred combination of two goods.


Ahernandez18

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

d

Answer to Question 2

d


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