In the figure above, in the short-run macroeconomic equilibrium, b. there is no structural unemployment. real GDP is greater than potential GDP. real GDP equals potential GDP. d. real GDP is less than potential GDP. C.

In the figure above, in the short-run macroeconomic equilibrium, b. there is no structural unemployment. real GDP is greater than potential GDP. real GDP equals potential GDP. d. real GDP is less than potential GDP. C.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 14QP

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Question

Answer ASAP

Price level (GDP deflator, 2005 100)
130
120
110
100
90
LAS SAS
AD
0 12.0 12.5 13.0 13.5 14.0 14.5
Real GDP (trillions of 2005 dollars)
In the figure above, in the short-run macroeconomic equilibrium,
b.
there is no structural unemployment.
real GDP is greater than potential GDP.
real GDP equals potential GDP.
C.
d. real GDP is less than potential GDP.

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