As Output Exceeds Potential Output, Wages and Prices Throughout an Economy

question 71

True/False

As output exceeds potential output, wages and prices throughout an economy will rise above previous inflation rates.

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Definitions:

Output

The data sent out by a computer or software to an external device or to a user, such as display screens, printers, or files.

Int[]

In many programming languages, denotes an array of integers, which is a collection of integer values stored in contiguous memory locations.

Forint

The currency used in Hungary.

Console Application

A computer program designed to be used through a text-only computer interface, such as a text terminal, the command-line interface of some operating systems, or a text-based user interface.