If potential output exceeds actual real output by a wide margin

QUESTION

If potential output exceeds actual real output by a wide margin, this implies:that the majority of consumer demand has changed from services to goodsan excess of imports over exports.a high rate of unemployment.a sharply rising price level.that the majority of consumer demand has changed from goods to services.

 

ANSWER:

REQUEST HELP FROM A TUTOR

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00