In the Long Run, Real Output Can Be Less Than

question 145

True/False

In the long run, real output can be less than, equal to, or greater than the economy's potential output.

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them a stake in the company’s performance and potential profits.

United Nations

An international organization created to maintain peace and security, develop friendly relations among nations, and promote social progress, better living standards, and human rights.

Human Labor

Refers to the work performed by individuals that contributes to the production of goods and services in an economy.

Environmental Concerns

Issues related to the impact of human activities on the natural environment, including pollution, climate change, and loss of biodiversity.