Business, 04.11.2021 14:10 noahwaitsowl357

Full-employment GDP refers to: a. the short-term fluctuations experienced in the economy due to changes in levels of economic activity.
b. decline in real output for at least two consecutive quarters.
c. the level of real GDP produced in an economy when it is operating at the natural rate of unemployment.
d. a phase of the business cycle characterized by increasing real GDP income and employment.

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Full-employment GDP refers to: a. the short-term fluctuations experienced in the economy due to ch...

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