Full-employment equilibrium occurs when
A. real GDP exceeds potential GDP.
B. real GDP equals potential GDP.
C. potential GDP exceeds real GDP.
D. a result of an increase in long-run aggregate supply.
Answer:B
Full-employment equilibrium occurs when
A. real GDP exceeds potential GDP. B. real GDP equals potential GDP. C. potential GDP exceeds real GDP. D. a result of an increase in long-run aggregate supply.