Potential Output Is Defined As

question 16

Multiple Choice

Potential output is defined as:

• A) the amount of total output if all inputs were utilized at their long-run, sustainable levels.
• B) what an economy produces when it is at capacity.
• C) the current level of output.
• D) the amount of output where inflation is zero.
• E) the level of output when unemployment is 10 percent.

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Definitions:

Glutamate

An important neurotransmitter in the brain that plays a key role in learning and memory, also serving as a flavor enhancer in food.

Umami

One of the five basic tastes, often described as savory or meaty, associated with flavors of broth, cheese, and soy sauce.

Taste Receptors

Specialized sensory cells located on the tongue and in the mouth that are responsible for detecting and interpreting tastes.

Sclera

The white, opaque, fibrous outer layer of the eyeball; it provides protection and form.