Equilibrium GDP is____________ and Potential GDP is _____________.
The level of Income, Spending and Production that is the maximum sustainable for the economy; The level of Income, Spending and Production we actually have;
The level of Income, Spending and Production we actually have; The level of Income, Spending and Production that is the maximum sustainable for the economy;
Firms have unplanned inventory accumulation: Firms have zero unplanned inventory accumulation;
Firms have zero unplanned inventory accumulation; Firms have unplanned inventory accumulation.