If the Economy Is at Long Run Equilibrium Then

question 126

Multiple Choice

If the economy is at long run equilibrium then

• A) real GDP equals potential GDP.
• B) nominal GDP equals potential GDP.
• C) real GDP cannot be equal to potential GDP.
• D) real GDP can be greater than, less than, or equal to potential GDP.

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United States

A country in North America consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Race Consciousness

An ideology that acknowledges race as a powerful social construct that shapes our individual and social experiences.

Interactionally

Pertaining to or involving interaction or reciprocal action, influence, or communication among people.

Race

A socially constructed categorization of humans based on physical characteristics, ancestry, historical affiliations, and cultural elements.