If New Zealand Is Operating at Potential GDP,which of the Following

question 213

Multiple Choice

If New Zealand is operating at potential GDP,which of the following is true?
I.New Zealand only has frictional and structural unemployment.
Ii.There is no inflation in New Zealand.
Iii.New Zealand has positive net exports.

• A)i,ii and iii
• B)i only
• C)i and ii
• D)i and iii
• E)ii only

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Definitions:

Expulsion

The act of forcing someone to leave a place, especially an educational institution or a country, often as a form of punishment.

Conquest

The act of gaining control over a territory or people, typically through military force.

Assimilation

The process in which individuals or groups of differing ethnicity are absorbed into the dominant culture of a society.

High In-Group Solidarity

Refers to the strong sense of loyalty and bonding among members within a group, often leading to a pronounced distinction between "us" and "them."