Question if the real wage rate is at the full-employment, Ask an Expert

Economics

Question: If the real wage rate is at the full-employment equilibrium level, real GDP is .

A. equal to potential GDP, which is efficient but is not the most that can be produced

B. at its highest attainable and efficient level

C. at or below potential GDP depending on the level of employment

D. equal to potential GDP, which is the most that can be produced

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92586512

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