Multiple Choice
Long-run macroeconomic equilibrium occurs when
A) real GDP is at a point along the short-run aggregate supply curve.
B) the unemployment rate is zero.
C) real GDP is equal to potential GDP.
D) all able-bodied adults have jobs.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q52: The Fed can change the federal funds
Q53: If the Fed makes an open market
Q54: At potential GDP<br>A) unemployment is at its
Q55: According to the quantity theory of money,<br>A)
Q56: According to the principle of comparative advantage,
Q58: A decrease in the reserves of commercial
Q59: If the Fed makes an unexpected open
Q60: The Fedʹs instruments include<br>A) the structural budget
Q61: The main component of the current account
Q62: If we compare the United States to