At a Long-Run Macroeconomic Equilibrium,real GDP Is Always Equal to Potential

question 151

True/False

At a long-run macroeconomic equilibrium,real GDP is always equal to potential GDP.

---

Definitions:

Defects

Faults or imperfections in a product or service that reduce its quality, functionality, or safety.

Inspected

To have been examined or reviewed carefully, especially to ensure compliance with standards and regulations.

Installment

A method of payment or delivery of goods in parts or portions at agreed intervals over a period of time, usually including interest in the case of financial transactions.

Breached

The act of violating or failing to observe a law, agreement, or code of conduct, often resulting in legal action or disputes.