Which of the Following Is True When an Economy Is

question 16

Multiple Choice

Which of the following is true when an economy is in long-run equilibrium?

• A)Actual output can exceed potential output.
• B)Potential output can exceed actual output.
• C)Actual output must equal potential output.
• D)Real GDP must equal nominal GDP.
• E)Expected price level can exceed actual price level.

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Definitions:

Tattooed

describes the condition of having markings on the skin made by inserting pigment into the skin's surface.

Lesbians

Women who feel romantic and sexual attraction towards other women.

Masculine Characteristics

Traits or qualities traditionally considered to be typical of or appropriate for men, such as strength, aggression, and dominance.

Alfred Kinsey

A pioneering American sexologist known for his research on human sexuality and for developing the Kinsey scale.