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11 Dec 2019
Which one of the following is not true when the economy is in macroeconomic equilibrium?
A. When the economy is at long-run equilibrium, total unemployment+structural unemployment.
B. When the economy is at long-run equilibrium, SRAS=AD=LRAS.
C. When the economy is at long-run equilibrium, firms will have excess capacity.
D. When the economy is at long-run equilibrium, actual GDP=potential GDP.
Which one of the following is not true when the economy is in macroeconomic equilibrium?
A. When the economy is at long-run equilibrium, total unemployment+structural unemployment.
B. When the economy is at long-run equilibrium, SRAS=AD=LRAS.
C. When the economy is at long-run equilibrium, firms will have excess capacity.
D. When the economy is at long-run equilibrium, actual GDP=potential GDP.
Kristelle BalandoLv10
31 Aug 2020
