In the RBC model, actual real GDP is
A) never equal to the natural real GDP.
B) equal to the natural real GDP when P = Pe.
C) equal to the natural real GDP when P is equal to or greater than Pe.
D) always equal to the natural real GDP.
D
Economics
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Assume that the economy begins at full employment. Then something happens that brings on a recession. What could that be?
a. a decline in interest rates b. an increase in govt spending c. a decline in corporate tax rates d. an increase in oil prices
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Fixed cost is sometimes called
a. total cost b. sunk cost c. variable cost d. marginal cost e. average total cost
Economics