An above-full-employment equilibrium is
A) a theoretical possibility but cannot happen in reality.
B) the equilibrium in which the economy is in most of the time.
C) when real GDP exceeds potential GDP.
D) the period of time when prices are falling.
Correct Answer:
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Q243: The Great Depression, in which real GDP
Q244: A below-full-employment equilibrium
A) is not possible in
Q245: Suppose the economy is experiencing a recessionary
Q246: Starting at full employment, a business cycle
Q247: When real GDP exceeds potential GDP, then
Q249: Inflation occurs over time as a result
Q250: Business cycles are the result of
A) regular
Q251: If the aggregate demand curve shifts _
Q252: If aggregate demand decreases and neither short-run
Q253: When an increase in aggregate demand exceeds
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