Multiple Choice
Which of the following is true in the short run but not in the long run?
A) Actual output is equal to potential output.
B) Actual output can exceed potential output.
C) Structural unemployment can exist.
D) Frictional unemployment can exist.
E) Real and nominal GDP can differ.
Correct Answer:
Verified
Correct Answer:
Verified
Q133: Actual output can exceed the economy's potential
Q134: For the aggregate demand and aggregate
Q135: In constructing the short-run aggregate supply curve,we
Q136: If the actual price level is higher
Q137: Which of these is true of the
Q139: The figure below shows the short-run aggregate
Q140: A failure in coordination between workers and
Q141: The figure given below depicts long run
Q142: The figure below shows the short-run aggregate
Q143: If resource prices are flexible,the long-run aggregate