Solved

If Real GDP Is Less Than Potential GDP, the Economy

Question 131

Multiple Choice

If real GDP is less than potential GDP, the economy is

A) not in macroeconomic equilibrium.
B) at full employment.
C) in an above-full-employment equilibrium.
D) in a below-full-employment equilibrium.

Related Questions

Q126: If the economy is at long run

Q127: In the macroeconomic long run<br>A) real GDP

Q128: Which of the following events will increase

Q129: If there is an increase in technology,

Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure

Q132: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above

Q133: What two variables are determined in an

Q134: The long-run aggregate supply curve is vertical

Q135: The economy is in its short run

Q196: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure