Author Question: In the short run, the equilibrium level of real GDP A) is necessarily less than potential GDP. ... (Read 31 times)

aabwk4 · **on:** Jun 29, 2018

In the short run, the equilibrium level of real GDP

A) is necessarily less than potential GDP.
B) is necessarily equal to potential GDP.
C) is necessarily greater than potential GDP.
D) could be less than, equal to, or greater than potential GDP.

Question 2

The difference between actual reserves and required reserves is

A) net worth.
B) excess reserves.
C) illegal reserves.
D) desired reserves.