If the Economy Is at Macroeconomic Equilibrium,then Real GDP

question 143

Multiple Choice

If the economy is at macroeconomic equilibrium,then real GDP

• A)must equal potential GDP.
• B)must be less than potential GDP.
• C)must be great than potential GDP.
• D)might be equal to,greater than,or less than potential GDP.
• E)cannot be compared to potential GDP.

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Definitions:

Pretax Income

The income a company generates before any taxes are deducted.