When the Economy Is in Long Run Equilibrium,all of the Following

question 143

Multiple Choice

When the economy is in long run equilibrium,all of the following are true EXCEPT that the

• A) recessionary gap is zero.
• B) expansionary gap is zero.
• C) inflation rate is zero.
• D) actual unemployment rate equals the natural rate of unemployment.
• E) actual output equals potential output.

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Definitions:

Literary Digest

A general interest magazine published in the United States in the first half of the 20th century, known for its failed prediction of the 1936 presidential election.

Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for collecting and analyzing data about the American people and economy.

Push Polls

A type of opinion poll in which intentionally biased questions are used to shape the respondent's perception of a candidate, issue, or organization, often under the guise of conducting an objective survey.

Disseminate Negative Information

The act of spreading harmful or unfavorable facts or opinions, often to discredit or demean someone or something.