When potential real GDP is equal to 70, this economy is in The amount of the shortfall in planned aggregate expenditure is equal to OA. the horizontal distance between potential real GDP and actual real GDP. OB. the amount of potential real GDP. OC. the vertical distance between AE and the 45° line at the level of potential real GDP. OD. the amount of actual real GDP.

When potential real GDP is equal to 70, this economy is in The amount of the shortfall in planned aggregate expenditure is equal to OA. the horizontal distance between potential real GDP and actual real GDP. OB. the amount of potential real GDP. OC. the vertical distance between AE and the 45° line at the level of potential real GDP. OD. the amount of actual real GDP.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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