In the Study of Short-Run Fluctuations in National Income,potential Income

question 25

Multiple Choice

In the study of short-run fluctuations in national income,potential income (output) is usually assumed to be

• A)falling at its average growth rate.
• B)moving together with potential output in neighbouring countries.
• C)constant.
• D)equal to actual income.
• E)irrelevant,as the economy is rarely there.

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Executive Branch

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Administrative Agency

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President's Veto Powers

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Arbitrary And Capricious

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