If potential output exceeds aggregate demand:
A) an economy's resources are over-utilized.
B) an economy's resources are under-utilized.
C) an economy's resources are fully employed.
D) the pattern of resource use cannot be determined without knowing short-run aggregate supply.
Correct Answer:
Verified
Q50: Q51: Q52: Which of the following statements is false? Q53: If Y equals 900 and YP is Q54: If aggregate demand exceeds potential output: Q56: The equilibrium or natural unemployment rate: Q57: An unemployment rate greater than the natural Q58: The relationship between changes in the level Q59: According to Okun's law, if growth in Q60: Empirical evidence for Canada suggests that if
A)
A) an
A) is
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