In the long-run, potential GNP is variable because?

By: |Published on: Aug 2|Categories: Economics WAEC| 0 comments

I. technological change takes place

II. the quantity of labour and capital is not fixed

III. unemployment is not constant

A. I only
B. II only
C. I and II only
D. I and III only
E. III only

Correct Answer:

Option C – I and II only

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