Potential Output

question 36

Multiple Choice

Potential output

• A)is defined as the level of real output that the economy could produce at high rates of resource utilization.
• B)only occurs when both the unemployment rate and inflation rate are zero.
• C)can be estimated by choosing benchmark measures of high resource utilization.
• D)Both a and c

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Definitions:

Headset

A hardware device that combines a microphone and a pair of headphones, often used for communication or listening to audio privately.

Machine Cycle

A sequence of operations performed by a computer's CPU to execute a single instruction.

Processing Instructions

Directives or commands within software or programming that guide the handling and manipulation of data.

CPU Converts

The process by which the central processing unit (CPU) of a computer converts instructions (data) into actions or results.