If real GDP is less than potential GDP, then the economy is ________ equilibrium.
A. at an above full-employment
B. not in short-run macroeconomic
C. at a below full-employment
D. in long-run macroeconomic
Answer:C
If real GDP is less than potential GDP, then the economy is ________ equilibrium.
A. at an above full-employment B. not in short-run macroeconomic C. at a below full-employment D. in long-run macroeconomic