Which school of thought believes that real GDP always equals potential GDP?
A) only Keynesian
B) Monetarist
C) both Keynesian and classical
D) only classical

Name: Which school of thought believes that real GDP always equals potential GDP? A) only Keynesian B) Monetarist C) both Keynesian and classical D) only classical
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Question

Quizplus · Accepted Answer

Classical economics states that the economy will always return to its natural level of real GDP, which equals potential GDP, in the long run.

Which School of Thought Believes That Real GDP Always Equals