Macroeconomic equilibrium occurs when the quantity of real GDP _ equals the quantity of _. A. Demanded;

Question:

Macroeconomic equilibrium occurs when the quantity of real GDP _______ equals the quantity of _______.

A. Demanded; real GDP supplied

B. Demanded; potential GDP

C. Supplied; potential GDP

D. Demanded; real GDP supplied and potential GDP

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: May 21, 2018 07:52 AM

See More Questions

In the accompanying diagram, the economy is in short run macroeconomic equilibrium at point E1. Based on the diagram answer the following questions. Is the economy facing an inflationary or a...
In the accompanying diagram, the economy is in short run macroeconomic equilibrium at point E1. Based on the diagram answer the following questions. Is the economy facing an inflationary or a...
An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gapinflationary or recessionary will the economy face after the shock, and...
The root cause of underdevelopment and environmental degradation is the overdevelopment of a handful of rich nations. Discuss.
Identify the path-goal leadership model styles and variables.
Pearl Mining Limited has a number of depreciable assets which it uses in a particular area of interest. Required Discuss the factors you would need to consider in determining the depreciable period...
Derive equation (4.1) for the total sample of the two-sample t-test. Data from Equation 4.1 n = 2 40 (21-a/2 + 21-3)
Comprehensive Income Armstrong Corporation reported the following for 2010: net sales $1,200,000 cost of goods sold $720,000: selling and administrative expenses $320,000: and an unrealized holding...
A distinction is often made between management accounting and financial accounting. Management accounting focuses on internal reporting. It measures and reports financial and nonfinancial information...
A minor bought an Ernie Banks baseball card from a baseball card store. The card was marked $12, and the inexperienced clerk who sold it did not know the store owner, who was gone at the time of the...
If the economy is at full employment and the Fed increases the quantity of money, _______. A. Aggregate demand increases, a recessionary gap appears, and the money wage rate starts to rise B....
An increase in expected future income increases ________. A. Consumption expenditure, which increases current aggregate demand B. Investment, which increases current aggregate supply C. The demand...
In Exercises 5 through 12, use the formulas to find the corresponding least-squares line. (1.73, 4.33), (0.03, 2.19), (0.93, 0.15), (3.82, 1.61)
What are the advantages and disadvantages of writing a BAM object class in an object - oriented language like C ++ ?
You are the CEO of a company that has to choose between making a $100 million investment in Russia or Poland. Both investments promise the same long-run return, so your choice is driven by risk...
How would you test the validity and integrity of factory parameters stored in EEPROM? Sketch a suitable procedure for that purpose.
List the benefits an Israeli firm can have by listing its stock on the NASDAQ stock exchange in the United States, in addition to a listing on the local Israeli exchange. Can you see any drawbacks to...
The safe minimum standard (SMS) is a special case of the mainstream economics conception of sustainability. Can you present an argument that attempts to validate this statement?
Graph the equation, using the x- and y-intercepts. 4x - 3y = 12
Evaluate the function at the given value(s) of the independent variable. Simplify the results. (x) = cos 2x (a) (0) (b) (- /4) (c) (/3) (d) ()
Starting with the industry making a positive economic profit, explain how the maple syrup market and the profit of an individual producer will change in the long run. Quebec losing hold over maple...
Draw graphs of the U.S. strawberry market in long-run equilibrium before the pollution crackdown: one of the U.S. market and one of a California grower. Now show the short-run effects of the...
Draw graphs of the U.S. strawberry market in long-run equilibrium before the pollution crackdown: one of the U.S. market and one of a California grower. Now show the short-run effects of the...
In Unix and Linux systems, the configuration of the operating system, servers, applications and preferences is commonly stored in plain text files. You want to view the hardware attached to the...
An actual corporation reported this information on their 2019 Annual Report ($ millions). Inventory cost method of LIFO is used. Date Inventory Balance Cost of Goods Sold (COGS) December 31, 2018...
The markets in general are paying a 2% real rate of return. Inflation is expected to be 3%. ABC stock commands a 6% risk premium. What is the expected rate of return on ABC stock? The required rate...

Macroeconomic equilibrium occurs when the quantity of real GDP _______ equals the quantity of _______. A. Demanded;

Question:

Step by Step Answer:

A Macroeconomic equilibrium occurs w...View the full answer

Foundations of Macroeconomics

Students also viewed these Business questions

Macroeconomic equilibrium occurs when the quantity of real GDP _ equals the quantity of _. A. Demanded;