Which of the following is true?
A) Potential GDP is determined by the available supply of labor, capital, and technology only in the long run.
B) Real GDP is determined by aggregate demand only in the short run.
C) Potential GDP is equal to aggregate demand in the long run.
D) Real GDP is determined by aggregate demand only in the long run.
E) Potential and real GDP are always equal.
Correct Answer:
Verified
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