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20) According to what we learn in class, why is it considered undesirable if real GDP exceeds equilibrium GDP (GDP at full employment)? A) It
20) According to what we learn in class, why is it considered undesirable if real GDP exceeds equilibrium GDP (GDP at full employment)? A) It leads to higher unemployment rates. B) It results in a decrease in overall consumer spending. C) It can trigger rising prices and inflationary pressures. D) It encourages excessive saving and reduced investment
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
