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-If the Actual Real GDP Is Less Than Potential Real

question 212

Multiple Choice

  -If the actual real GDP is less than potential real GDP, the economy is A)  at full employment. B)  in a below full-employment equilibrium. C)  not in macroeconomic equilibrium. D)  in an above full-employment equilibrium.
-If the actual real GDP is less than potential real GDP, the economy is


Definitions:

Repulsion

A force that pushes objects away from each other, often used in the context of magnetic fields where like poles repel.

Direction

In context to electrical and magnetic fields, it refers to the path along which something moves, points, or faces.

Principle Parts

The essential components or sections of a mechanism or system that are critical to its functioning.

Atom

The smallest constituent unit of ordinary matter that constitutes a chemical element.

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