When Determining Potential GDP, Economists Define the Workforce as Fully

question 26

Multiple Choice

When determining potential GDP, economists define the workforce as fully employed when

• A) each worker who wants to work has a job.
• B) each worker who has a job is working up to his or her full potential.
• C) the real wage is such that the demand and supply of labor are equal.
• D) all of the above.
• E) none of the above.

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