Full-Employment Equilibrium Occurs When

question 2

Multiple Choice

Full-employment equilibrium occurs when

• A)aggregate demand equals short-run aggregate supply.
• B)all who are willing and able to work, are working.
• C)real GDP equals potential GDP.
• D)real GDP equals potential GDP and the wage level is set so that the GDP deflator equals 100.
• E)all who are willing and able to work are working, and the wage level is set so that the GDP deflator equals 100.

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Note's Face Value

The original value of a note receivable or bond as stated on the document before any interest is added.

Notes Payable

Obligations in the form of written notes.

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A liability account that records amounts the company owes to suppliers or creditors for goods and services purchased on credit.

Note Payable

A financial obligation or loan evidenced by a written promissory note, specifying terms of repayment.