An Above-Full-Employment Equilibrium Occurs When

question 109

Multiple Choice

An above-full-employment equilibrium occurs when

• A) aggregate demand decreases while neither the short-run nor long-run aggregate supply changes.
• B) short-run aggregate supply decreases while neither aggregate demand nor long-run aggregate supply changes.
• C) the equilibrium level of real GDP is greater than potential GDP.
• D) the equilibrium level of real GDP is less than potential GDP.

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Definitions:

Disjuncts

Disjuncts are the separate statements or propositions in a disjunction, any of which being true makes the disjunction true.

Syllogism Valid

A form of deductive reasoning where a conclusion is correctly derived from two given premises.

Existential Import

In logic, the implication or presumption of the existence of something.

Vaccine

A biological preparation that provides active acquired immunity to a particular infectious disease.