In the Macroeconomic Short Run

question 385

Multiple Choice

In the macroeconomic short run

• A) actual real GDP may be less than or more than potential GDP.
• B) the unemployment rate is zero.
• C) by definition, the economy is always moving away from full employment.
• D) actual real GDP always equals potential GDP.

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Definitions:

Transmission

The process of transferring something from one place, person, or thing to another, often used in the context of diseases, mechanical power, or information.

Pathologic Condition

Any condition that is marked by signs and symptoms of disease or a deviation from normal health.

Aging

The biological process of growing older, which includes changes in physical appearance, function, and the increased likelihood of diseases.

FPS-R

A tool used for the assessment of pain, where FPS stands for Faces Pain Scale – Revised, allowing patients to rate their pain by pointing to faces expressing varying degrees of distress.