On a TE-TP diagram consider a level of Real GDP at which the vertical distance to the TE line exceeds the vertical distance to the 45-degree line.This Real GDP is __________ its equilibrium level,with __________.
A) above; TE > TP
B) above; TE < TP
C) below; TE > TP
D) below; TE < TP
Correct Answer:
Verified
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