If Real Equilibrium GDP Is Above Potential GDP,expansionary Fiscal Policy

question 167

True/False

If real equilibrium GDP is above potential GDP,expansionary fiscal policy should be pursued.

---

Definitions:

Age-Adjusted Death Rates

A statistical measure that allows for the comparison of mortality rates between populations with different age distributions, by applying the observed rates to a standard age structure.

Relative Risk

A measure used in epidemiology to assess the risk of a certain event or disease among one group compared to the risk among another group.

Lung Cancer

A type of cancer that begins in the lungs, which are the two organs found in the chest that help you breathe.

Smokers

People who engage in the act of smoking tobacco products, often categorized in public health studies due to associated health risks.