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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