Question
Real GDP a) fluctuates from year to year but is always below potential GDP. b) fluctuates around potential GDP. c) equals potential GDP when the
Real GDP
a) fluctuates from year to year but is always below potential GDP.
b) fluctuates around potential GDP.
c) equals potential GDP when the price level is constant.
d) grows at a constant 3 percent per year.
e)equals potential GDP in the base year.
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
