The Study of the Long Run in Macroeconomics Focuses

question 68

Multiple Choice

The study of the long run in macroeconomics focuses

• A)on changes to actual GDP but not on changes in potential GDP.
• B)equally on potential GDP and actual GDP.
• C)primarily on changes to potential GDP.
• D)primarily on changes to the output gap,with a constant level of potential output.
• E)solely on the supply of factors of production.

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Definitions:

African American

A demographic group in the United States characterized by having ancestry from the native populations of Sub-Saharan Africa, with a rich cultural heritage and history.

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