Multiple Choice
As actual output falls below the potential level,which of the following must be true?
A) more resources become unemployed
B) prices remain constant
C) real GDP rises
D) nominal GDP remains constant
E) production rises
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Which of the following is true regarding
Q7: Wage agreements may cause costs to be
Q8: A contractionary gap may be closed in
Q9: Wage agreements may cause costs to be
Q11: If the actual price level exceeds the
Q12: Exhibit 10-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-4
Q13: Exhibit 10-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-2
Q14: Exhibit 10-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-4
Q15: Fixed resource prices help explain why firms<br>A)increase
Q98: In the long run,the price level is