In the figure above, in the short-run macroeconomic equilibrium,
A. there is no structural unemployment.
B. real GDP is greater than potential GDP.
C. real GDP equals potential GDP.
D. real GDP is less than potential GDP.
Answer:D
In the figure above, in the short-run macroeconomic equilibrium,
A. there is no structural unemployment. B. real GDP is greater than potential GDP. C. real GDP equals potential GDP. D. real GDP is less than potential GDP.