In the above figure, at the point where AD equals SAS,
A. real GDP exceeds potential GDP.
B. potential GDP exceeds real GDP.
C. the economy is in a recession.
D. the unemployment rate is zero.
Answer:A
In the above figure, at the point where AD equals SAS,
A. real GDP exceeds potential GDP. B. potential GDP exceeds real GDP. C. the economy is in a recession. D. the unemployment rate is zero.