Real GDP

question 72

Multiple Choice

Real GDP

• A) fluctuates from year to year but is always below potential GDP.
• B) fluctuates around potential GDP.
• C) grows at a constant 3 to 4 percent per year.
• D) can be called potential GDP when it is adjusted for price changes.

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Definitions:

Federal Trade Commission

A federal agency of the United States established to promote consumer protection and eliminate and prevent anticompetitive business practices.

Horizontal

Often used to describe arrangements or relationships between entities at the same level in a particular market or process.

Per Se Illegal

Activities or agreements that are automatically considered unlawful without the need for further examination of their context or effects.

Clayton Act

A U.S. antitrust law aimed at promoting competition by prohibiting certain types of anti-competitive practices.