__________ is the amount of real GDP an economy can produce by fully employing its existing levels of labor, physical capital, and technology, in the context of its existing market and legal institutions.Select the two correct answers below. Select all that apply:Full-employment GDPGDPPotential GDPReal GDP2.Factors that may change net exports areSelect all that apply:changes in the price levels of countrieschanges in the relative growth rates of countries.changes in domestic consumption of US goodschanges in government spending3.Although you can make a purchase with a credit card, _______.Select the two answers below that correctly fill in the blank. Select all that apply:it is not considered money.it is considered as a long-term loan.it is considered as a short-term loan.it is not considered as a reliable way to purchase goods and services.4.t he long run aggregate supply curve isSelect the correct answer below:a)horizontal at a fixed price levelb)vertical at the full employment level of GDPc)upward sloping, illustrating the tradeoff between inflation and GDPd)downward sloping, illustrating a negative relationship between price level and GDP5.Economic adjustments can be slow ifSelect the correct answer below:a.people cannot form expectations about the future




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