In the Macroeconomic Long Run

question 242

Multiple Choice

In the macroeconomic long run

• A) real GDP is always below potential GDP.
• B) there is full employment with no unemployment.
• C) output always is above potential GDP.
• D) there is full employment, and real GDP is equal to potential GDP.

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Definitions:

Circumscribed Lesion

A well-defined, localized abnormal area on skin or tissue, often differing in color or texture from surrounding areas.

Bulla

An elevated, fluid-filled blister more than 5 mm in diameter that forms on the skin or mucous membranes.

Wheal

A small, raised, and often itchy area on the skin, typically resulting from an allergic reaction or as part of certain skin tests.

Confluent

Merging or flowing together, often used to describe skin lesions that have joined together.