Economists Use the Term "Potential Output" to Refer to ________

question 9

Multiple Choice

Economists use the term "potential output" to refer to ________.

• A)a level of output that has not yet been achieved
• B)the maximum level of output of which an economy is capable
• C)the sum of finished goods plus goods in production that will be finished within the year
• D)the level of output that occurs when all prices are fully adjusted
• E)none of the above

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Definitions:

Organisms

Any individual living entity, from single-celled bacteria to multicellular plants and animals, including humans.

Basidiocarp

The fruiting body of basidiomycete fungi, where spore production occurs.

Spores

Reproductive cells, typically asexual and resistant to the environment, that can develop into a new individual without fusion with another cell.

Mycelia

The vegetative part of a fungus, consisting of a network of fine white filaments (hyphae) that spread into and feed on organic matter.