​ Exhibit 10A-3 Macro AD-AS Model

question 48

Multiple Choice

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Exhibit 10A-3 Macro AD-AS Model

In Exhibit 10A-3, the level of real GDP associated with Y₁: ​

• A) ​is equal to potential real GDP.
• B) ​is an inflationary gap real GDP.
• C) ​is a long-run equilibrium.
• D) ​is caused by flexible wages and prices.

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Definitions:

Actual Damages

Reputational injury and other harm such as emotional distress.

Proof

Evidence or argument establishing a fact or the truth of a statement in the context of legal proceedings or other formal inquiries.

Preponderance

The greater weight of evidence, or evidence that is more convincing than the evidence offered in opposition to it.

Evidence

Information or facts presented in a legal proceeding to establish the truth of an assertion or to prove a point in dispute.