If the Equilibrium Level of Real GDP Per Year Is

question 71

Multiple Choice

If the equilibrium level of real GDP per year is greater than the full-employment level of GDP, then

• A) a recessionary gap occurs.
• B) the economy is at full employment with no price changes.
• C) the economy expands the level of real GDP.
• D) an inflationary gap occurs.

---

Definitions:

Ethnic Groups

Communities or populations that share a common cultural heritage, ancestry, language, history, and sometimes physical characteristics.

Racism

A mindset of bias, differential treatment, or enmity against persons of another race, rooted in the assumption that one's race is superior.

Skin Color

The pigmentation of an individual's skin, which can vary widely among humans and is often used as a basis for social or racial classification.

Discrimination

Unfair treatment or prejudice against individuals or groups based on characteristics such as race, gender, age, or sexual orientation.