When the labor market is in equilibrium,real GDP ________ potential GDP.
A) is greater than
B) is equal to
C) is less than
D) might be greater than,less than,or equal to
E) is not comparable to
Correct Answer:
Verified
Q103: When the labor market is in equilibrium,
A)there
Q104: Q105: Which of the following variables is used Q106: The production function graphs the relationship between Q107: In a labor market without an efficiency Q109: Potential GDP Q110: With fixed quantities of capital,land,and entrepreneurship and Q111: Economic growth is a sustained expansion of
A)nominal
A)is the quantity of GDP produced
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