Which of the following is true? O Potential GDP is determined by the available supply of labor, capital, and technology only in the long run. O Real GDP is determined by aggregate demand only in the short run. O Potential GDP is equal to aggregate demand in the long run. O Real GDP is determined by aggregate demand only in the long run O Potential and real GDP are always equal.
Which of the following is true? O Potential GDP is determined by the available supply of labor, capital, and technology only in the long run. O Real GDP is determined by aggregate demand only in the short run. O Potential GDP is equal to aggregate demand in the long run. O Real GDP is determined by aggregate demand only in the long run O Potential and real GDP are always equal.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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![Which of the following is true?
O Potential GDP is determined by the available supply of labor, capital, and technology
only in the long run.
O Real GDP is determined by aggregate demand only in the short run.
O Potential GDP is equal to aggregate demand in the long run.
O Real GDP is determined by aggregate demand only in the long run.
Potential and real GDP are always equal.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6aeddb2f-7081-44fc-95ad-47e395b99848%2F57b03afc-ad6b-4f3a-9784-7e027f14e3cc%2Fs3n3zrr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following is true?
O Potential GDP is determined by the available supply of labor, capital, and technology
only in the long run.
O Real GDP is determined by aggregate demand only in the short run.
O Potential GDP is equal to aggregate demand in the long run.
O Real GDP is determined by aggregate demand only in the long run.
Potential and real GDP are always equal.
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