A below full-employment equilibrium
A. is not possible in the U.S. economy.
B. occurs when real GDP is less than potential GDP.
C. occurs when the price level is rising very quickly.
D. occurs when real GDP exceeds potential GDP.
Answer:B
A below full-employment equilibrium
A. is not possible in the U.S. economy. B. occurs when real GDP is less than potential GDP. C. occurs when the price level is rising very quickly. D. occurs when real GDP exceeds potential GDP.