In _____ the OPEC national quadrupled the price of oil.
Fill in the blank(s) with the appropriate word(s).
1973
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In the short run, if the economy is at full employment, then the quantity of real GDP
A) is equal to potential GDP, and the unemployment rate is equal to the natural unemployment rate. B) does not necessarily equal potential GDP, but the unemployment rate is equal to the natural unemployment rate. C) is equal to potential GDP, but the unemployment rate does not necessarily equal the natural unemployment rate. D) is equal to potential GDP, but the unemployment rate is less than the natural unemployment rate. E) exceeds potential GDP, and the unemployment rate is less than the natural unemployment rate.
When the marginal product of labor is below the average product of labor, the average product must increase when employment increases
Indicate whether the statement is true or false