An Above-Full-Employment Equilibrium Occurs When

question 109

Multiple Choice

An above-full-employment equilibrium occurs when

• A) aggregate demand decreases while neither the short-run nor long-run aggregate supply changes.
• B) short-run aggregate supply decreases while neither aggregate demand nor long-run aggregate supply changes.
• C) the equilibrium level of real GDP is greater than potential GDP.
• D) the equilibrium level of real GDP is less than potential GDP.

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