If the Economy Is Fully Employed, Which of the Following

question 60

Multiple Choice

If the economy is fully employed, which of the following is true?

• A)Real and potential GDP are equal.
• B)The price level equals 100.
• C)Real GDP cannot increase.
• D)Real and nominal GDP are equal.
• E)The unemployment rate is zero.

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Definitions:

Resolve Dilemma

The process of solving a problem or deciding between difficult choices.

Beneficence

The ethical principle of doing good, demonstrating kindness, and helping others.

Nonmaleficence

A fundamental principle in ethics, especially in healthcare, focusing on not causing harm to others.

Autonomy

The capacity to make an informed, uncoerced decision independently.