Short-run macroeconomic equilibrium occurs when the quantity of real GDP demanded ________

A) equals potential GDP
B) equals full-employment GDP
C) does not equal full-employment GDP
D) equals the quantity of real GDP supplied


D

Economics

You might also like to view...

Under ________ there are many firms selling identical products

A) perfect competition B) monopolistic competition C) oligopoly D) monopoly

Economics

Keynesians believe in

a. active management of structural deficits an minimal cyclical deficits. b. running structural budget deficits to stimulate output c. running large surpluses during expansions. d. active management of cyclical deficits and minimal structural deficits. e. both c and d.

Economics

Which of the following countries' economic development began with government encouragement of cartel formation?

a. United States b. Israel c. Brazil d. Germany e. Canada

Economics

The explanation for why marginal cost is positive and rising in the short run is ________ marginal product of labor in the production process.

A. a constant B. a zero C. an increasing D. a diminishing

Economics