Which of the Following Statements Best Describes the U

question 79

Multiple Choice

Which of the following statements best describes the U.S.economy since 1960?

• A) Potential output has risen steadily,but actual output has fluctuated above and below full-employment output.
• B) Actual output has risen steadily,but potential output has fluctuated above and below actual output.
• C) Potential output and actual output have both not risen steadily.
• D) Potential output and actual output have both fluctuated above and below what the classical model predicts.
• E) Potential output has remained constant but actual output has risen.

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Definitions:

Online Marketplace

A virtual platform that connects buyers and sellers, facilitating the exchange of goods, services, or information over the internet.

Internet Speed

The rate at which data is transferred from the internet to the user's computer or device, typically measured in megabits per second (Mbps).

Korea

A country in East Asia, divided into two distinct sovereign states: North Korea and South Korea, each with its own government and political system.

Africa

The second-largest continent on Earth, known for its rich cultural heritage, diverse ecosystems, and vast natural resources.