If Potential Output Exceeds Actual Real Output by a Wide

question 44

Multiple Choice

If potential output exceeds actual real output by a wide margin,this implies:

• A)an excess of imports over exports
• B)a high rate of unemployment
• C)that the majority of consumer demand has changed from goods to services
• D)a sharply rising price level
• E)that the majority of consumer demand has changed from services to goods

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Definitions:

Adherence

Maintaining loyalty or commitment to a plan, decision, or instruction, especially in the context of health, policies, or personal goals.

Commitment

The psychological attachment and loyalty an individual feels towards an organization, cause, or goal.

Compliance

Adherence to laws, regulations, guidelines, and specifications relevant to an organization's business processes.

Resistance

Opposition or pushback against proposals, change, or authority, potentially hindering progress or implementation.