If the Economy Is at Long Run Equilibrium Then

question 126

Multiple Choice

If the economy is at long run equilibrium then

• A) real GDP equals potential GDP.
• B) nominal GDP equals potential GDP.
• C) real GDP cannot be equal to potential GDP.
• D) real GDP can be greater than, less than, or equal to potential GDP.

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Definitions:

Transmission

The act or process by which something is spread or passed from one person or thing to another, especially in the context of diseases or information.

Mononucleosis

An infectious disease caused by the Epstein-Barr virus, characterized by fever, sore throat, and swollen lymph glands.

Saliva

A clear liquid secreted by the salivary glands in the mouth, aiding in digestion and maintaining oral health.

Infectious Agents

Microorganisms or pathogens that can cause diseases, including bacteria, viruses, fungi, and parasites.