In the Macroeconomic Long Run

question 242

Multiple Choice

In the macroeconomic long run

• A) real GDP is always below potential GDP.
• B) there is full employment with no unemployment.
• C) output always is above potential GDP.
• D) there is full employment, and real GDP is equal to potential GDP.

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Definitions:

Private Clouds

Computing services offered over the Internet or a private internal network exclusively to select users, rather than the general public.

Utility Computing

A model where computing resources are provided as a metered service similar to a traditional public utility, like electricity.

Flat Rate

A pricing model in which a service is provided for a constant fee, irrespective of usage or duration.

Cloud Computing

The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the internet ("the cloud") to offer faster innovation, flexible resources, and economies of scale.