Changes in the Growth Rate of Potential Output and Deviations

question 87

Multiple Choice

Changes in the growth rate of potential output and deviations of actual output from potential output are two logical explanations for:

• A)the decline in the natural rate of unemployment.
• B)short-term economic fluctuations.
• C)increasing wage inequality.
• D)skill-biased technological change.

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Definitions:

Unidirectional

Moving or operating in a single direction.

Primase

A specialized enzyme that initiates the synthesis of a new DNA strand by creating a short RNA primer.

Hydrolyzing ATP

The enzymatic process of breaking down ATP (adenosine triphosphate) into ADP (adenosine diphosphate) and inorganic phosphate, releasing energy for cellular activities.

Replication Initiation

The starting point of DNA replication in cells, where the double helix is first opened.