Potential Output Refers to the Amount of Goods and Services

question 74

Multiple Choice

Potential output refers to the amount of goods and services the economy

• A) has produced during the current period.
• B) can produce per period,by utilizing available resources at above normal rates.
• C) can produce per period,by utilizing available resources at normal rates.
• D) can produce per period,by utilizing available resources at below normal rates.
• E) produced during the previous period.

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Definitions:

Structures of Authority

The organized framework or system by which power and control are exercised in a society, organization, or group.

Obedient

Characterized by or displaying compliance with authority or rules, often following commands or instructions without question.

Disciplined

Having or demonstrating a controlled form of behavior or way of working, often characterized by adherence to a set of rules or a strict regimen.

Structures of Authority

The systems and frameworks within which power is distributed and exercised in an organization or society.