Multiple Choice
Use the figure below to answer the following questions.
Figure 26.3.1
-Refer to Figure 26.3.1. If Econoworld automatically adjusts to a long-run equilibrium, then in the long-run macroeconomic equilibrium,
A) the price level is 70.
B) real GDP is $440 billion.
C) actual unemployment exceeds the natural unemployment rate.
D) potential GDP is greater than in the short run.
E) Both A and B
Correct Answer:

Verified
Correct Answer:
Verified
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