Over time, increases in Potential GDP are the result of O A. inflation O B. increased government spending C. lower taxes O D. increases in technology

Q: Macmillan Learni Country GDP in millions of U.S. dollars Wrigleyville Longhornland Dinkytown 559.0…

A: National Income is the value of final goods and services produced in a country during a year. Per…

Q: The factor of production​ _________, and the factor of production​ _______.     A. money earns​…

A: For the aforementioned question, the correct alternative is B.

Q: 2. All of the following are types of macroeconomics data except the: A) price of a computer. B)…

A: The branch of economics that studies the behavior of individual economic agents, such as consumers,…

Q: Which of the following policies would increase the likelihood of economic growth in a country which…

A: In simple terms if in a country there is a rise in the production of goods and services over a…

Q: . If the present price level is 100, the growth rate of real GDP is 5. If the present price level is…

A: GDP is the gross domestic product.  GDP is the market value of all the final goods and services…

Q: 10) In the above table, the production of 3 pissas and 80 cases of se is A) impossible unless more…

A: Since we only answer up to 3 parts, we’ll answer the first 3. Please resubmit the question and…

Q: Problem 02-06 algo Assume that total output is determined by this formula: number of workers x…

A: Given that: Output = Number of workers * Productivity   Assuming there are initially 100 workers and…

Q: QUESTION 14 The main cause for the vast differences in per capita GDP levels seen across the globe…

A: Definition: The GDP is the completion of all worth-added made in an economy. The worth added implies…

Q: On the following graph, the black line shows potential real GDP and the blue line shows actual real…

A: Full employment is the economic state of using all the resources available in the market. It…

Q: Which central problem of an economy is concerned with the selection of goods and services to be…

A: The Central problem we consider while studying economics are what to produce, How to produce and the…

Q: What does the business cycle shown on this graph suggest about the condition of the economy at point…

A: Business cycles are a common feature of every market economy. There are typically four phases of a…

Q: None

A: Option a) 115: This option is correct because Peter Howitt's theory suggests that if inflation drops…

Q: Business cycles are a. movements in stock prices. O b. the transfer of executives between firms. c.…

A: Gross domestic product refers to the value of final goods and services produced in an economy over a…

Q: A country faces diminishing marginal returns when increasing it's capital stock. If this country…

A: Answer: Diminishing marginal returns: if a particular input is increased keeping all other inputs…

Q: Real Consumption The diagram below shows alternate paths for two hypothetical economies, each…

A: In the above diagram, curve A represents economy A and curve B represents economy B. At point e,…