Multiple Choice
An above full- employment equilibrium occurs when
A) short- run aggregate supply decreases while neither aggregate demand nor long- run aggregate supply changes.
B) the equilibrium level of real GDP is greater than potential GDP.
C) aggregate demand decreases while neither the short- run nor long- run aggregate supply changes.
D) the equilibrium level of real GDP is less than potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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