Potential Output Is

question 26

Multiple Choice

Potential output is

• A) the level of real GDP that exists when the economy is experiencing only cyclical and structural unemployment.
• B) the level of real GDP that exists when the quantity of labor supplied is equal to the quantity of labor demanded.
• C) the level of real GDP that exists when the actual rate of unemployment is zero.
• D) the level of real GDP that exists when the economy is experiencing only frictional and cyclical unemployment.

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Definitions:

Conditional Place Preference

A behavioral paradigm used to measure an animal's preference for an environment associated with a positive or negative stimulus.

Mate for Copulation

The selection of a partner for the purpose of sexual reproduction.

Aggression

A range of behaviors that can be physical or verbal, intended to harm or intimidate others.

Reinforced

Strengthened or emphasized, often in the context of behavior strengthened by a consequence in psychological terms.