An economy's (one word) output is also known as full-employment output.

An economy's potential output is also known as Blank______.Multiple choice question.maximized-employment outputfull-employment outputfiscal-employment outputbusiness-employment output

If an economy is not producing at full capacity, its resources are said to be (one word).

The extra amount of output a firm can generate by adding one more unit of labor is called the product of labor. (Insert a single word.)

GDP the actual amount of output produced in an economy because informal market transactions result in increases in output produced.

Keynes argued that the sum of the components that comprise aggregate demand _________________.a.could add up to an output smaller than the economy is capable of producing, thus resulting in less than full employmentb.could add up to an output greater than the economy is capable of producing, thus resulting in less than full employmentc.always equaled the output the economy is capable of producingd.equaled the output the economy is capable of producing by definition