Question 1 


The term ”full employment GDP” is synonymous with which of the following?

Question 1 options:

a)  potential GDP


b)  Keynesian zone


c)  aggregate GDP


d)  macroeconomic equilibrium



Question 2 

Question 2 Unsaved

Whether the economy is in a recession is illustrated in the AD/AS model by how close the _____________________ is to the potential GDP line.

Question 2 options:

a)  AS and AD curve


b)  equilibrium


c)  AD curve


d)  AS curve


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