An above full-employment equilibrium is
A. a theoretical possibility but cannot happen in reality.
B. the equilibrium in which the economy is in most of the time.
C. when real GDP exceeds potential GDP.
D. the period of time when prices are falling.
Answer:C
An above full-employment equilibrium is
A. a theoretical possibility but cannot happen in reality. B. the equilibrium in which the economy is in most of the time. C. when real GDP exceeds potential GDP. D. the period of time when prices are falling.