Most Economists Agree That an Automatic Mechanism Brings the Economy

question 163

Multiple Choice

Most economists agree that an automatic mechanism brings the economy back to potential GDP in the long run.In mid-2011,two years after the recession of 2007-2009 had ended,real GDP in the United States

• A)had returned to potential GDP.
• B)had exceeded potential GDP by 1.5 percent.
• C)remained more than 7 percent below potential GDP.
• D)was predicted to never return to potential GDP.