Question 4. 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) potential GDP b) AS curve c) aggregate supply d) GDP deflator

Question 4. 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) potential GDP
b) AS curve
c) aggregate supply
d) GDP deflator

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