If the economy is at long run equilibrium then
A. real GDP equals potential GDP.
B. nominal GDP equals potential GDP.
C. real GDP cannot be equal to potential GDP.
D. real GDP can be greater than, less than, or equal to potential GDP.
Answer:A
If the economy is at long run equilibrium then
A. real GDP equals potential GDP. B. nominal GDP equals potential GDP. C. real GDP cannot be equal to potential GDP. D. real GDP can be greater than, less than, or equal to potential GDP.