When the aggregate demand curve and the aggregate supply curve intersect, A. the economy is in short- run macroeconomic equilibrium. B. cyclical unemployment must be zero. C. there is a recession. D. the potential GDP curve must also intersect at the same point. E. inflation must be increasing. QUESTION 5 If real GDP in a small country is $5 billion in 2019 and real GDP in the same country is $5.2 billion in 2020, the growth rate of real GDP between 2019 and 2020 A. is 4.00%. B. is 3.17%. C. is 3.85%. D. is 3.28%. E. is 1.04%.
When the aggregate demand curve and the aggregate supply curve intersect, A. the economy is in short- run macroeconomic equilibrium. B. cyclical unemployment must be zero. C. there is a recession. D. the potential GDP curve must also intersect at the same point. E. inflation must be increasing. QUESTION 5 If real GDP in a small country is $5 billion in 2019 and real GDP in the same country is $5.2 billion in 2020, the growth rate of real GDP between 2019 and 2020 A. is 4.00%. B. is 3.17%. C. is 3.85%. D. is 3.28%. E. is 1.04%.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 1PA
Related questions
Question
-
When the aggregate demand curve and the
aggregate supply curve intersect,A. the economy is in short- run
macroeconomic equilibrium.B. cyclical
unemployment must be zero.C. there is a recession.
D. the potential
GDP curve must also intersect at the same point.E. inflation must be increasing.
QUESTION 5
-
If real GDP in a small country is $5 billion in 2019 and real GDP in the same country is $5.2 billion in 2020, the growth rate of real GDP between 2019 and 2020
A. is 4.00%.
B. is 3.17%.
C. is 3.85%.
D. is 3.28%.
E. is 1.04%.
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