When the labor market is in equilibrium, real GDP ________ potential GDP

A) is greater than
B) is equal to
C) is less than
D) might be greater than, less than, or equal to
E) is not comparable to

B

Economics

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An open economy's GDP is given by

A. Y = C + I + G. B. Y = C + I + G + T. C. Y = C + I + G + S. D. Y = C + I + G + NX.

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An oligopoly will always use game theory to maximize sales rather than profits

a. True b. False Indicate whether the statement is true or false

Economics