In the Short Run, the Equilibrium Level of Real GDP

question 210

Multiple Choice

In the short run, the equilibrium level of real GDP

• A) is necessarily less than potential GDP.
• B) is necessarily equal to potential GDP.
• C) is necessarily greater than potential GDP.
• D) could be less than, equal to, or greater than potential GDP.

---

Definitions:

Alternate-form Reliability

The consistency of test scores across different versions of a test, assessing the same construct.

Reliability

The degree to which an assessment tool produces stable and consistent results over repeated applications.

Twin Study

A research method in behavioral genetics that compares the similarity between monozygotic (identical) and dizygotic (fraternal) twins to estimate the genetic contribution to traits and disorders.

Bipolar Disorder

A psychological disorder identified by significant mood swings, encompassing both periods of high emotion (either mania or hypomania) and episodes of depression.