These questions are multiple choice question

Q11. The level of a country's long-run potential output (Y_NRU) depends on

the factors that determine the efficiency (productivity) of its

technology,the amount of itscapital stock, and the availability of

its naturalresources only.

the size of its labor force only.

the availability of its natural resources and the size of its labor force only.

the size of its labor force, the amount of its capital stock, the

availabilityof its natural resources,and the factors that determine

the efficiency(productivity) of its factors of production.

the amount of its capital stock, the size of its labor force, and the availability of its natural resources only.

Q12. Cuts in marginal tax rates generally

Increase tax revenue in the short-run and decrease tax revenue in the long-run.

Decrease tax revenue in the short-run and in the long-run.

Decrease tax revenue in the short-run and increase revenue in the long-run.

Decrease tax revenue in the short-run and may increase or decrease revenue in the long-run.

Increase tax revenue in the short-run and in the long-run.