If Equilibrium GDP Exceeds Potential GDP

question 48

Multiple Choice

If equilibrium GDP exceeds potential GDP

• A) potential output is much greater than actual output.
• B) the economy is in a recession.
• C) price levels are falling.
• D) actual spending is too low.
• E) an inflationary gap exists.

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Definitions:

Personnel Psychology

A subfield of psychology that focuses on the study of human behavior in workplaces, including recruitment, selection, performance appraisal, and training.

Organizational Psychology

A field of study concerned with understanding and improving the behavior of individuals and groups within organizational settings.

Human Factors

An interdisciplinary field that focuses on understanding how humans interact with systems and products to improve safety, efficiency, and usability.

Human Factors Psychology

A field of psychology focusing on how people interact with products, systems, and environments to improve safety, performance, and satisfaction.