Which three factors could have caused this change in potential real GDP? Assume this is a typical economy relying on inputs such as coal and oil. All items should be placed as either a contributing factor or not a contributing factor. Contributing factors discovery of a large source of rare metals used in manufacturing an improvement in technology coal price decrease Not contributing factors oil price increase riots and political instability increased consumer confidence a major bird flu pandemic an increase in exports

Which three factors could have caused this change in potential real GDP? Assume this is a typical economy relying on inputs such as coal and oil. All items should be placed as either a contributing factor or not a contributing factor. Contributing factors discovery of a large source of rare metals used in manufacturing an improvement in technology coal price decrease Not contributing factors oil price increase riots and political instability increased consumer confidence a major bird flu pandemic an increase in exports

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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