One Lesson of the Great Depression Was That Potential GDP

question 87

Multiple Choice

One lesson of the Great Depression was that potential GDP could _____.

• A)be too low to ensure full employment if the population was growing
• B)be too low to ensure full employment in a capitalist economy
• C)be too low to ensure full employment in a market economy
• D)fall short of full-employment GDP
• E)exceed equilibrium GDP