The Study of the Short Run in Macroeconomics Focuses

Multiple Choice

The study of the short run in macroeconomics focuses

A) equally on potential GDP and actual GDP.
B) primarily on changes to potential GDP.
C) primarily on changes to the output gap with less emphasis on changes to potential GDP.
D) primarily on changes to potential GDP with less emphasis on changes in actual GDP.
E) primarily on changes to actual GDP with no interest in the output gap.