« previous next »

Author Question: Potential output a. is defined as the level of real output that the economy could produce at high ... (Read 54 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
Potential output
 
  a. is defined as the level of real output that the economy could produce at high rates of resource utilization.
  b. only occurs when both the unemployment rate and inflation rate are zero.
  c. can be estimated by choosing benchmark measures of high resource utilization.
  d. Both a and c

Question 2

The per-worker production function flattens out due to ________.
 
  A) the negative relationship between price and quantity demanded
  B) the positive relationship between price and quantity demanded
  C) the diminishing marginal product of capital
  D) an increase in the general level of prices


emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Where mangrove diversity is high, mangrove species show clear patterns of vertical zonation relative Where mangrove diversity is high, mangrove species show clear patterns of vertical zonation relative
California high desert cottontail eating a carrot California high desert cottontail eating a carrot
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Ion channels in myocardial cells: (a) resting state before action potential (all channel gates ... Ion channels in myocardial cells: (a) resting state before action potential (all channel gates ...
What level of barometric pressure effects body? What level of barometric pressure effects body?
Real skeleton of a lion Real skeleton of a lion
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library