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Macro AD-AS Model in Exhibit 14A-4, the Level of Real GDP Represented by GDP

Question 49

Multiple Choice

    Macro AD-AS Model In Exhibit 14A-4, the level of real GDP represented by Y <sub>p</sub> : A)  would be associated with considerable unemployment. B)  indicates that the economy is experiencing zero inflation. C)  indicates the short-run equilibrium level of real GDP. D)  is potential real GDP for this economy.   Macro AD-AS Model
In Exhibit 14A-4, the level of real GDP represented by Y p :


A) would be associated with considerable unemployment.
B) indicates that the economy is experiencing zero inflation.
C) indicates the short-run equilibrium level of real GDP.
D) is potential real GDP for this economy.

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