An Above Full-Employment Equilibrium Is

question 104

Multiple Choice

An above full-employment equilibrium is

• A) when real GDP exceeds potential GDP.
• B) the period of time when prices are falling.
• C) the equilibrium in which the economy is in most of the time.
• D) a theoretical possibility but cannot happen in reality.

---

Definitions:

Detection

The act or process of discovering or identifying the existence of a particular object, signal, or condition.

Interpretation

In psychoanalysis, the analyst’s noting supposed dream meanings, resistances, and other significant behaviors and events in order to promote insight.

Psychophysicist

A scientist who studies the relationship between the physical properties of stimuli and the sensations and perceptions they evoke.

Wavelength

The distance from the peak of one light or sound wave to the peak of the next. Electromagnetic wavelengths vary from the short blips of cosmic rays to the long pulses of radio transmission.