At a Trough in the Business Cycle,the Macroeconomic Equilibrium Is

question 73

Multiple Choice

At a trough in the business cycle,the macroeconomic equilibrium is ________ the level of potential real GDP.

• A)greater than
• B)rising above
• C)equal to
• D)less than
• E)None of the above answers is always correct because the relationship depends on whether the previous phase of the business cycle had been a recession or an expansion.

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