In the Short Run, the Equilibrium Level of Real GDP

question 41

Multiple Choice

In the short run, the equilibrium level of real GDP

• A) is necessarily greater than potential GDP.
• B) is necessarily equal to potential GDP.
• C) is necessarily less than potential GDP.
• D) could be less than, equal to, or greater than potential GDP.

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Definitions:

Enthymeme

A rhetorical argument that is essentially a syllogism with one premise left unstated.

Popular Song

A song that becomes widely known, usually in the contemporary music genre, and gains popularity through commercial success or widespread recognition.

Tuning Forks

Musical instruments which vibrate at a specific pitch when struck, used for tuning musical instruments or for therapeutic purposes.

O Proposition

In traditional logic, a proposition that states that some members of a category do not share a specific attribute.