A macroeconomic equilibrium occurs when the
A) quantity of real GDP demanded is greater than the quantity of real GDP supplied.
B) quantity of real GDP demanded equals the quantity of real GDP supplied and both equal potential GDP.
C) quantity of real GDP demanded equals the quantity of real GDP supplied even if they are not equal to potential GDP.
D) quantity of real GDP demanded is less than the quantity of real GDP supplied.
E) None of the above answers is correct.
C
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A good bit of management jargon often simply symbolizes fundamental economic analysis
Indicate whether the statement is true or false
Suppose the United States government is successful in reducing the flow of drugs into the United States. What impact does this have on the supply and demand curves for illegal drugs. a. supply decreases, demand is unaffected, and price increases
b. demand decreases, supply is unaffected, and price decreases. c. demand and supply both decrease, leaving price essentially unchanged. d. supply decreases, demand increases, and price increases substantially.
The efficient markets hypothesis implies
a. that all stocks are fairly valued all the time and that no stock is a better buy than any other. b. that all stocks are fairly valued all the time, but that some stocks may be better buys than other. c. that some stocks may be better buys than others and stock experts can determine which ones. d. that no stock is efficiently valued.
The value of cross price elasticity of demand between goods X and Y is 2.00?, while the cross price elasticity of demand between goods X and Z is negative 2.00. Which of the following are? true?
A. X and Y are complements and X and Z are substitutes. B. X and Y and X and Z are substitutes. C. X and Y are substitutes and X and Z are complements. D. X and Y and X and Z are complements. E. None of the above.