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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
At a trough in the business cycle, the macroeconomic equilibrium is ________ the level of potential real GDP.
A) greater than
B) rising above
C) equal to
D) less than
E) None of the above answers is always correct because the relationship depends on whether the previous phase of the business cycle had been a recession or an expansion.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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9 years ago
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Loraine Author
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9 years ago
Thanks for your help!!
ediblefruitz
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Yesterday
Brilliant ツ
Holly72492
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2 hours ago
Thank you, thank you, thank you!
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