The real gdp is lower than the potential gdp at the full employment le – InterviewSolution

1.	The real gdp is lower than the potential gdp at the full employment level it is called
Answer» ull EMPLOYMENT equilibrium is a macroeconomic term used to describe a SITUATION where an economy's short-run real gross DOMESTIC product (GDP) is LOWER than that same economy's long-run potential real GDP. ... That output gap is CAUSED in part by the employment shortfall.

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