The Economy's Potential Output Is

question 173

Multiple Choice

The economy's potential output is

• A) the maximum output that could be achieved temporarily during a time of economic boom.
• B) the minimum output that could be achieved during a recession.
• C) present when 100 percent of the labor force is employed.
• D) the maximum sustainable output of the economy given its resources.

---

Definitions:

Neurospora

A group of ascomycete fungi frequently utilized as a standard organism for genetic and molecular biology research.

Minimal Medium

A growth medium containing only the minimal necessities required for the growth of wild-type organisms, typically used in microbial research.

Uracil

A nitrogenous base found in RNA, replacing thymine found in DNA.

Adenine

A purine nucleobase used in forming nucleotides of the nucleic acids DNA and RNA.