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18 Aug 2020
Which one of the following is not true when the economy is in macroeconomic equilibrium?
a. When the economy is at long-run equilibrium, firms will have excess capacity.
b. When the economy is at long-run equilibrium, SRAS=AD=LRAS.
c. When the economy is at long-run equilibrium, total unemployment = frictional unemployment + structural unemployment.
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, firms will have excess capacity.
b. When the economy is at long-run equilibrium, SRAS=AD=LRAS.
c. When the economy is at long-run equilibrium, total unemployment = frictional unemployment + structural unemployment.
d. When the economy is at long-run equilibrium, actual GDP=potential GDP.
Samantha BalandoLv7
26 Sep 2020
