The Natural Rate of Output Is Also Known as ________

question 91

Multiple Choice

The natural rate of output is also known as ________.

• A) potential output
• B) NAIRU
• C) structural output
• D) GDP

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Definitions:

Efficiency Gains

Improvements that allow more to be achieved with the same amount of resources, often leading to cost savings and productivity increases.

PPACA

Stands for Patient Protection and Affordable Care Act, a comprehensive health care reform law enacted in March 2010 intended to improve access to health insurance for US residents.

Health Insurance

is a type of insurance coverage that pays for an individual's medical and surgical expenses or reimburses losses from illness or injury.

Government Insurance

Protection or coverage provided by a governmental entity as opposed to private insurance companies, often for health, employment, or social welfare purposes.