Macroeconomic equilibrium occurs when
A) there is no inflation.
B) real GDP is equal to potential GDP.
C) the aggregate quantity demanded is equal to the aggregate quantity supplied.
D) the economy is fully employed.
E) the price level equals the potential price level.
Correct Answer:
Verified
Q144: If real GDP is greater than potential
Q145: According to the AS-AD model,
A)the aggregate quantity
Q146: In its macroeconomic equilibrium,the economy can be
Q147: If the economy is at macroeconomic equilibrium,then
Q148: When the price level rises there is
Q150: Which of the following shifts the aggregate
Q151: A change in any component of aggregate
Q152: The aggregate demand multiplier effect says that
Q153: If the quantity of real GDP demanded
Q154: A rise in the price level
A)raises the
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