Full-Employment Equilibrium Occurs When

question 2

Multiple Choice

Full-employment equilibrium occurs when

• A)aggregate demand equals short-run aggregate supply.
• B)all who are willing and able to work, are working.
• C)real GDP equals potential GDP.
• D)real GDP equals potential GDP and the wage level is set so that the GDP deflator equals 100.
• E)all who are willing and able to work are working, and the wage level is set so that the GDP deflator equals 100.

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Definitions:

Pelvis

The lower part of the torso, enclosed by the pelvic bones and containing reproductive and urinary organs.

Vulva

The external female genital organs, including the labia majora, labia minora, clitoris, and vaginal opening.

Anus

The external opening of the rectum, through which feces are expelled from the body.

Sexual Intercourse

The physical act between individuals that involves the sexual organs and is often engaged in for reproductive, relational, or pleasure purposes.