Author Question: If real GDP is less than potential GDP, then the economy is ________ equilibrium. A) at an ... (Read 67 times)

tsand2 · **on:** Jun 29, 2018

If real GDP is less than potential GDP, then the economy is ________ equilibrium.

A) at an above-full-employment
B) not in short-run macroeconomic
C) at a below-full-employment
D) in long-run macroeconomic

Question 2

All points below the budget line are

A) inferior to every point on the budget line.
B) preferred to every point on the budget line.
C) affordable.
D) Answers A and C are correct.