In the Macroeconomic Short Run

question 385

Multiple Choice

In the macroeconomic short run

• A) actual real GDP may be less than or more than potential GDP.
• B) the unemployment rate is zero.
• C) by definition, the economy is always moving away from full employment.
• D) actual real GDP always equals potential GDP.

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Definitions:

2-Butanone

A simple ketone with the formula CH3C(O)CH2CH3, also known as methyl ethyl ketone (MEK), used as a solvent.

Transformation

The process of changing the structure, composition, or form of a molecule or substance through chemical reactions.

Methylbutan-1-ol

A primary alcohol derived from butane by replacing one hydrogen atom with a hydroxyl group at the first carbon.

2-Methylbutanal

A type of aldehyde with a five-carbon chain where the second carbon atom from the end is substituted with a methyl group.