The level of output that the economy would produce if all prices, including nominal wages, were fully flexible is called:
A) real GDP.
B) Keynesian GDP.
C) structural GDP.
D) potential GDP.
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The level of output that the economy would produce if all prices, including nominal wages, were fully flexible is called:
A) real GDP.
B) Keynesian GDP.
C) structural GDP.
D) potential GDP.