In the Macroeconomic Long Run

question 127

Multiple Choice

In the macroeconomic long run

• A) real GDP equals potential GDP.
• B) the economy is at full employment.
• C) regardless of the price level, the economy is producing at potential GDP.
• D) All of the above are correct.

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Definitions:

Consistent

Characterized by steadiness, reliability, and uniformity in decision-making, actions, or performance over time.

Progressive Discipline

A method of employee discipline that uses a graduated range of responses to employee misconduct or poor performance, from mild to severe.

Positive Discipline

A method of teaching and enforcing behavioral standards that focuses on encouragement and positive reinforcement rather than punishment.

Complete Records

Thorough and comprehensive documentation of relevant information or activities.