In the Long Run, Increases in Potential GDP Are Possible

question 18

Multiple Choice

In the long run, increases in potential GDP are possible only if there is

• A)growth in the supply of available factors or growth in factor productivity.
• B)continuous growth in the saving rate.
• C)an increase in the unemployment rate.
• D)an increase in the general price level.
• E)no government interference with the market system.

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Definitions:

Proactive Behaviours

Actions taken by individuals that are anticipatory, change-oriented, and self-initiated in the workplace to bring about a positive impact.

Desire For Control

A personal inclination or preference towards being able to influence or direct one’s environment or the outcomes in it.

Socialization Outcomes

Socialization Outcomes are the results of the process through which individuals learn and internalize the values, behaviors, and norms of a social group.

Socialization Tactics

Strategies used by organizations to integrate new employees into the company's culture and familiarize them with organizational norms and values.