When the Economy Is at Its Potential Output Level,which of the Following

question 164

Multiple Choice

When the economy is at its potential output level,which of the following is not true?

• A)Firms' and workers' expectations about the price level are realized.
• B)The nominal wage is a very poor measure of the expected real wage.
• C)The unemployment rate is about 4 to 6 percent.
• D)The economy is producing its maximum sustainable output.
• E)The actual price level equals the expected price level.

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Definitions:

Break Statements

Instructions in programming that cause the immediate termination of a loop, switch, or labeled block.

Switch Statement

A switch statement is a control flow statement that allows a variable to be tested against a list of values, each with its own code block to execute.

Syntax Error

A mistake in the code that causes the program to fail to compile or run correctly.

Sentinel Value

A specific value in the context of algorithm or program which is used to indicate the end of data input or processing.