If the Economy Is at Long Run Equilibrium Then

question 136

Multiple Choice

If the economy is at long run equilibrium then

• A) real GDP can be greater than, less than, or equal to potential GDP.
• B) nominal GDP equals potential GDP.
• C) real GDP cannot be equal to potential GDP.
• D) real GDP equals potential GDP.

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Definitions:

Minor Stress

Low-level stressors that, while not significantly impactful by themselves, can cumulatively contribute to overall stress levels.

Life Changes

Significant transitions or alterations in a person’s life, such as moving, career shifts, or major personal milestones, that can impact well-being and behavior.

Stress

A psychological and physical response of the body to demands or challenges that disturb the individual's balance or perceived ability to cope.

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Difficulties or challenges that one encounters in daily living, which can vary in nature and severity.