In the figure above, in the short-run macroeconomic equilibrium ...

[urbanoutfitters]

In the figure above, in the short-run macroeconomic equilibrium
 
  A) there is no structural unemployment.
  B) real GDP is greater than potential GDP.
  C) real GDP equals potential GDP.
  D) real GDP is less than potential GDP.

Question 2

Most economists agree that valid reasons for protecting trade include which of the following? I. The economies of scale argument II. The saving jobs argument III. The protection of high wages argument
 
  A) I only
  B) I and II
  C) I and III
  D) None of the reasons are valid.

[pami445]

Answer to Question 1

D

Answer to Question 2

D