A Characteristic of the Short Run in Macroeconomics Is That

Multiple Choice

A characteristic of the short run in macroeconomics is that

A) actual GDP is always growing at the same rate as potential GDP.
B) the output gap opens or closes as the economy moves through the phases of the business cycle.
C) the output gap is constant because the capital stock cannot change.
D) actual GDP is always less than potential GDP.
E) actual GDP is always greater than potential GDP.