Long-run macroeconomic equilibrium occurs when
A. real GDP is equal to potential GDP.
B. real GDP is at a point along the short-run aggregate supply curve.
C. the unemployment rate is zero.
D. all able-bodied adults have jobs.
Answer:A
Long-run macroeconomic equilibrium occurs when
A. real GDP is equal to potential GDP. B. real GDP is at a point along the short-run aggregate supply curve. C. the unemployment rate is zero. D. all able-bodied adults have jobs.