What term is used to describe the maximum quantity that an economy can produce, in the context of its existing inputs, market and legal institutions?
A. GDP deflator
B. AS curve
C. potential GDP
D. aggregate supply
Answer:C
What term is used to describe the maximum quantity that an economy can produce, in the context of its existing inputs, market and legal institutions?
A. GDP deflator B. AS curve C. potential GDP D. aggregate supply
Explanation: Type: Multiple Choice